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Last in First Out

nounverified·updated May 18, 2026

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

MWE

Classifications

Entity Type

Unknownauthoritativeglossary_import_default_pending_classifier
?unassignedlast reviewed

Sensitivity

unclassified

Information Class

unclassified

Variants

synonym
LIFO
plural
Last in First Outs
possessive
Last in First Out's
pluralpossessive
Last in First Outs'