If food passes its manufacturer’s use-by date, it should be thrown away. FIFO stock rotation helps prevent unnecessary food waste. Store items in order of their use-by dates, with the earliest dates in front. That way, the first item you grab will be the one that needs to be used the soonest.

What would you do to practice FIFO considering the expiry date?

The FIFO procedure follows 5 simple steps:

Locate products with the soonest best before or use-by dates. Remove items that are past these dates or are damaged. Place items with the soonest dates at the front. Stock new items behind the front stock; those with the latest dates should be at the back.

How do you use the FIFO method?

To calculate FIFO (First-In, First Out) determine the cost of your oldest inventory and multiply that cost by the amount of inventory sold, whereas to calculate LIFO (Last-in, First-Out) determine the cost of your most recent inventory and multiply it by the amount of inventory sold.

The FIFO method requires that what comes in first goes out first. For example, if a batch of 1,000 items gets manufactured in the first week of a month, and another batch of 1,000 in the second week, then the batch produced first gets sold first. The logic behind the FIFO method is to avoid obsolescence of inventory.