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Last-In-First-Out (LIFO)

Last-In-First-Out (LIFO)
Inventory valuation method that bases calculation on the cost of the latest addition to the inventory first to evaluate the stock.

Related posts:

  1. LIFO (Last-in-First-out)
  2. First-In-First-Out (FIFO)
  3. Inventory
  4. Look-Thru
  5. Average Age Of Inventory
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