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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-Ojt in Business?

    The short form of "Last-In-First-Ojt" is LIFO for Business.

Citation

LIFO in Business. Acronym24.com. (2022, April 3). Retrieved April 5, 2025 from https://acronym24.com/lifo-meaning-in-business/

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