Last In First Out

Definition

LIFO. A method of valuing inventory in which the items acquired last are treated as the ones sold first.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

First In First Out -

LIFO -

Related Terms on BusinessDictionary

first-in, first-out (FIFO)
inventory value

First-in, last-out (FILO)

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

Last In First Out in the news

Enter your email address to get our free Term of the Day newsletter!

Tools

Last In First Out is ...

... part of the Accounting subject.

Nearby Terms

lapse
lapsed option
large cap
large trader
last
Last In First Out
last sale
last trading day
last-sale reporting
late charge
late fee