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LIFO in Business Word Meaning

The LIFO meaning in Business Word terms is "Last In, First Out". There are 1 related meanings of the LIFO Business Word abbreviation.

LIFO on Business Word Full Forms

  1. Last In, First Out A method of determining the cost of inventory used in a product. In this method, the costs of material are transferred to the product in reverse chronological order. LIFO is used to describe the movement of goods.

Frequently Asked Questions (FAQ)

  1. What does LIFO stand for Business Word?

    LIFO stands for Last In, First Out in Business Word terms.

  2. What is the shortened form of Last In, First Out in Business Word?

    The short form of "Last In, First Out" is LIFO for Business Word.

Citation

LIFO in Business Word. Acronym24.com. (2022, April 3). Retrieved April 16, 2024 from https://acronym24.com/lifo-meaning-in-business-word/

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