LIFO
An abbreviation for %u201CLast-in, First-out.%u201D An accounting method of valuing inventory based on the assumption that the last items purchased are the first sold. Compare with FIFO.
Source:
An abbreviation for %u201CLast-in, First-out.%u201D An accounting method of valuing inventory based on the assumption that the last items purchased are the first sold. Compare with FIFO.
Source: