Last In First Out

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

Related Terms: 1 Last

Other Related Pages: Category: Accounting Starting With: L

Additional Related Terms: 10-Q, Adjusted balance method, Average daily balance method, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, At risk