Apply Now arrow
chekered bg
Image

Last In First Out (LIFO)

Image

An accounting method that values inventory from newest to oldest. The first product inventoried is the first product picked.

More words in the glossary starting with L

Sign up for our newsletter

Join 200,000+ businesses that get insights, advice, and news from Biz2Credit.

x
”Your browser does not support the images displayed on this website. Please try to access the site from the latest version of Google Chrome, Safari, Microsoft Edge or Mozilla Firefox”