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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

  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-Out Inventory Method

Frequently Asked Questions (FAQ)

  1. What does LIFO stand for Business & Finance?

    LIFO stands for Last-In-First-Out Inventory Method in Business & Finance terms.

  2. 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 May 8, 2024 from https://acronym24.com/lifo-meaning-in-business-finance/

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