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Glossary > L > "Last-In-First-Out (LIFO)" Definition

Last-In-First-Out (LIFO)

A method of valuing inventory that uses the cost of the most recent item in inventory first. Related: F.I.F.O.

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Last-In-First-Out (LIFO) - A method of valuing inventory that uses the cost of the most recent item in inventory first. Related: F.I.F.O.

Last-In-First-Out (LIFO) : a method of valuing inventory that uses the cost of the most recent item in inventory first. related: f.i.f.o.