Lot & Expiry Tracking Basics — Assessment

Only for furniture Never For services only For perishable or regulated goods like food, pharma, and chemicals

Only price The cashier’s name Only quantity Batch number and expiry as well as quantity

No rule at all Most expensive first Random picking First-expiry, first-out — sell soonest-expiring stock first

FEFO follows expiry date, not arrival order FEFO ignores dates They are identical FIFO uses expiry

Leave it on the shelf Sell it cheaply Hide it Quarantine or write it off so it cannot be sold, recorded with a reason