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LIFO

West's Encyclopedia of American Law | 2005 | Copyright

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.

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"LIFO." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 11 Feb. 2012 <http://www.encyclopedia.com>.

"LIFO." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (February 11, 2012). http://www.encyclopedia.com/doc/1G2-3437702706.html

"LIFO." West's Encyclopedia of American Law. 2005. Retrieved February 11, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437702706.html

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LIFO

A Dictionary of Computing | 2004 | | Copyright

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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JOHN DAINTITH. "LIFO." A Dictionary of Computing. 2004. Encyclopedia.com. 11 Feb. 2012 <http://www.encyclopedia.com>.

JOHN DAINTITH. "LIFO." A Dictionary of Computing. 2004. Encyclopedia.com. (February 11, 2012). http://www.encyclopedia.com/doc/1O11-LIFO.html

JOHN DAINTITH. "LIFO." A Dictionary of Computing. 2004. Retrieved February 11, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O11-LIFO.html

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LIFO

The Oxford Dictionary of Abbreviations | 1998 | | Copyright

LIFO (ˈlaɪfəʊ) Accounting, Computing last in, first out

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FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "LIFO." The Oxford Dictionary of Abbreviations. 1998. Encyclopedia.com. 11 Feb. 2012 <http://www.encyclopedia.com>.

FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "LIFO." The Oxford Dictionary of Abbreviations. 1998. Retrieved February 11, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O25-LIFO.html

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Free newspaper and magazine articles

	LIFO accounting methods. (last-in, first-out) Magazine article from: The Tax Adviser; 4/1/1997
	LIFO conformity violation relief for auto dealers. (last-in-first-out... Magazine article from: The Tax Adviser; 4/1/1998
	LIFO in limbo. (automobile dealers; IRS' adjustment reporting rules) Magazine article from: Automotive News; 1/27/1997