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
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