You are here: Home / Glossary / l / LIFO (Last-in-First-out)

LIFO (Last-in-First-out)

LIFO (Last-in-First-out)
Inventory valuation methodology wherein the cost of the most recent or last bought item in the inventory is used to measure the total inventory.

Related posts:

  1. Last-In-First-Out (LIFO)
  2. First-In-First-Out (FIFO)
  3. Average Age Of Inventory
  4. Inventory
  5. Inventory Loan
Author: Filed Under: l Tagged With: ,

Leave a Comment