Home>Inventory>LIFO — Last-In, First-OutLIFO — Last-In, First-OutDefinition: Last-In, First-OutAbbreviationLIFOFull NameLast-In, First-OutCategoryInventoryRelated SubjectsComponentsLIFO ReserveⓘRelatedLIFO LiquidationⓘCost of Goods SoldⓘContrastFIFOUsed InTax Accountingⓘ