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LIFO in Business Meaning

The LIFO meaning in Business terms is "Last In, First Out". There are 7 related meanings of the LIFO Business abbreviation.

LIFO on Business 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.
  2. Last-In-First-Ojt
  3. Last-In First-Out
  4. Last-In, First Out
  5. Last In First Out
  6. Last-In-First-Out Inventory Method
  7. Liner In, Free Out

Frequently Asked Questions (FAQ)

  1. What does LIFO stand for Business?

    LIFO stands for Last In First Out in Business terms.

  2. What is the shortened form of Last-In-First-Out Inventory Method in Business?

    The short form of "Last-In-First-Out Inventory Method" is LIFO for Business.

Citation

LIFO in Business. Acronym24.com. (2022, April 3). Retrieved November 22, 2024 from https://acronym24.com/lifo-meaning-in-business/

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