Abbreviation Encyclopedia
Inventory
LIFO
Full Form
Last-In, First-Out
Details
An inventory valuation method where the most recently produced items are sold first.
Frequently Asked Questions
The full form of LIFO is Last-In, First-Out.
In the field of Inventory, LIFO stands for Last-In, First-Out.
An inventory valuation method where the most recently produced items are sold first.