What does "lifo" mean?

inventory accounting in which the most recently acquired items are assumed to be the first sold

Lifo

Common synonyms include: last in first out, last-entered-first-out, last-in-first-out, lifo method, lifo rule, lifo-based.

/ˈlaɪfəʊ/ adj

adj ·Rare ·Advanced level

Noun

1
inventory accounting in which the most recently acquired items are assumed to be the first sold wordnet

Adjective