This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- FIFO stands for First-In, First-Out, a mandatory stock rotation system to ensure the oldest products are used first.
- Inventory must always be rotated based on the product's use-by or expiration date, not the delivery date.
- New inventory must be physically placed behind or below older inventory in all storage areas (dry, refrigerated, and frozen).
- A common exam trap is a scenario where new stock is placed in front of old stock, creating an incorrect FILO (First-In, Last-Out) situation.
- Proper date marking of all food items upon receipt is a critical and foundational step for the FIFO method to work correctly.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep