A method of valuing inventory that uses the cost of the most recent item in inventory first. Related: F.I.F.O.
LAST-IN-FIRST-OUT (L.I.F.O.)
Meaning of LAST-IN-FIRST-OUT (L.I.F.O.) in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012