LIFO
LIFO
An abbreviation for last in, first out, a method used in inventory accounting to value the merchandise of a particular business.
LIFO assumes that the last goods purchased are the first sold and, as a result, those items that remain unsold in the inventory at the end of the year are assumed to be those which were purchased first.
cross-references
FIFO.
LIFO
LIFO or lifo Acronym for last in first out. LIFO list is another name for stack. A stack implemented in hardware is sometimes referred to as a lifo.
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A.T. Cross Company
One Albion Road
Lincoln, Rhode Island 02865-3700
U.S.A.
Telephone: (401) 333-1200
Fax: (401) 334-2861
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LIFO