LIFO IT Terminology Abbreviation

LIFO has various meanings in the IT Terminology category. Discover the full forms, definitions, and usage contexts of LIFO in IT Terminology.

Last In, First Out

Most Common

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.

IT Terminology

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