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LIFO in Finance Meaning

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

LIFO on 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.

Frequently Asked Questions (FAQ)

  1. What does LIFO stand for Finance?

    LIFO stands for Last In, First Out in Finance terms.

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

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

Citation

LIFO in Finance. Acronym24.com. (2022, April 3). Retrieved May 8, 2024 from https://acronym24.com/lifo-meaning-in-finance/

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