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MRP glossary TOP > L > LIFO

LIFO

Last-in First-out

Last-in First-out stands for Last-in First-out, and is a method for inventory valuation, where a calculation is done based on the rule where the last-in item is to be first taken out of warehouse. For details, see "Last-in First-out".


Related term: Cost Approach

Reference:JIT Business Research Mr. Hirano Hiroyuki

LFL | L | Line