LAST IN, FIRST OUT


Meaning of LAST IN, FIRST OUT in English

adjective

: being or relating to a method of valuing inventories by which items from the last lot received are assumed to be used or sold first and all requisitions are priced at the cost per item of the lot last stocked — compare first in, first out

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.