LIFO in Business & Finance Meaning
The LIFO meaning in Business & Finance terms is "Last In, First Out". There are 2 related meanings of the LIFO Business & Finance abbreviation.
LIFO on Business & Finance Full Forms
- 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.
- Last-In-First-Out Inventory Method
Frequently Asked Questions (FAQ)
What does LIFO stand for Business & Finance?
LIFO stands for Last In, First Out in Business & Finance terms.
What is the shortened form of Last In, First Out in Business & Finance?
The short form of "Last In, First Out" is LIFO for Business & Finance.
Citation
LIFO in Business & Finance. Acronym24.com. (2022, April 3). Retrieved December 23, 2024 from https://acronym24.com/lifo-meaning-in-business-finance/
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