The best replacement for fifo is average cost.

The best alternatives to fifo are rated as following:
★★★★★  average cost
★★★★★  weighted average
★★★★  lifo
★★  lifo accounting
★★  lru
★★  average cost basis
★  lifo inventory
★  lifo net income
★  lifo higher net income
★  dido
★  weighted average method
★  filo
★  lifo during inflation
★  average
★  pipe
★  fefo
★  standard costing
★  hifo
  lifo inflation
  specific lots
  weighted fair
  lifo example
  fcfs
  lifo tax
  lilo
  perpetual fifo
  avco
  lifo cost of goods sold
  specific identification
  average cost method
  high cost
  queue
  lifo stock sale
  lifo stock

Your alternative for fifo is not listed? Suggest!
Speaking about fifo, one probably shouldn't forget about uart.

Other search terms related to fifo and their ratings are:
★★★★★ uart
★★★★ perpetual system
You have in mind a companion for fifo and it is not yet here? Propose!



Google Trends

Scale is based on the average worldwide traffic of fifo in all years. Click on graph for more.
fifo
average cost
weighted average