Lifo
nounverified·updated May 18, 2026
inventory accounting in which the most recently acquired items are assumed to be the first sold
Classifications
Entity Type
Unknown—glossary_import_default_pending_classifier
?unassignedlast reviewed —
Sensitivity
unclassified
Information Class
unclassified
Variants
- synonym
- last in first out
- plural
- Lifos
- possessive
- Lifo's
- pluralpossessive
- Lifos'