Last in First Out is a valuation procedure according to which the stocks of a material that were last received are the first to be used or sold. Matchcode A tool for finding specific record Mainly used to find possible entries for an input field
LAST IN FIRST OUT. The result of a typical material or information flow system without FIFO, resulting in earlier orders being perpetually delayed by new orders arriving on top of them.
The last-in-first-out inventory valuation methodology. A method of valuing inventory that uses the cost of the most recent item in inventory first.
A method of valuing stocks (inventory) by assuming that the most recent purchases are used first.... more on: LIFO
A stable value fund withdrawal method in which participant withdrawals for benefits and investment transfers are taken from the most recent contract until its fund balance is exhausted, then the next most recent, etc. Contributions to a LIFO contract are made net of participant withdrawals.
Last In Last Out. A method of valuing stock.
inventory accounting in which the most recently acquired items are assumed to be the first sold
Last in First Out. A method of stock control whereby the goods which are the newest in stock are consumed or sold first.
Last In First Out is a method of inventory keeping where the inventory purchased last is assumed to be the first sold or consumed in the production process. This method results in higher cost of goods sold in a rising prices environment as the company is always using the new prices.
Last-in, first-out (see also FIFO). Used to value the cost of inventory. LIFO is more conservative than FIFO and lowers earnings by raising the cost of sales.
last in, first out (pertains to a list processing rule)
Last in first out. Describes a stack method of data storage.
Last In, First Out. An accounting method for valuing inventories for tax purposes. Under this method, the last items purchased are treated as being the first items sold. Ending inventory is valued using the cost of the items with the earlier purchase dates.
n. Last-in-first-out. A queuing technique in which the next item to be retrieved is the item most recently placed in the queue.
Last-in, First-out. Refers to inventory.
In computer programming, LIFO (last in, first out) is an approach to handling program work requests from queue or stack so that the last request is dealt with first.
last in, first out. A method of queue management where the last item in is the first item out, much like a stack of papers. See also stack.
See last in, first out (LIFO).
In the event of a redundancy situation occurring, the system of ‘last in first out’ is regarded as the most equitable method of choosing those who should be made redundant.
last in, first out. The most recently acquired product is the first sold.
Last-in, first out method of inventory valuation in which the earliest acquired inventory is assumed to be still on hand; the most recently acquired is assumed to be sold first.
Last-in, first-out accounting method for valuing inventory and tracking costs.
Last In First Out. A method of valuing stock .
Stands for Last In First Out. Usually used in reference to how enchantment removal targets a player with mulitiple enchantments running.
Last-In - First Out. An accounting method for valuing the cost of goods sold that uses the cost of the last item in inventory first. For mutual funds, this applies to the last shares purchased.
The abbreviation for "Last In, First Out." An accounting method of pricing inventory under which the costs of the last goods acquired are the first costs charged to expense.
A type of message queuing that puts the last message received first in line.
Last In First Out. Accounting method of valuing stock issues by first extracting the articles last entered into inventory.
Edit / Last In First Out - A queue of items (such as inventory items for example) configured in such a way that the item that will next be removed from the queue is the item that was most recently added to it. A stack of plates is a good example of a LIFO. As you add plates, you add them to the top of the stack. When you remove plates you will remove each plate from the top, which is the plate most recently added. For this reason, a LIFO is sometimes referred to as a "stack". There are two other basic types of QUEUES: FIFO (First In First Out) and DEQUE (Double Ended QUEue). See Also: FIFO DEQUE Queue
Last in, first out. An accounting method that fixes the cost of goods sold to the most recent purchases. Hence, if prices are generally rising, LIFO will lead to lower accounting profitability. Source
(Last-In First-Out) A queue where the last item placed in the queue is the first item processed when the queue is processed.
last in, first out. An inventory pricing method that assumes the last item purchased is the first item sold. If the cost of merchandise is going up, the higher-cost, newer purchases are charged against sales and produce a lower net profit. The older, less expensive items are deemed to be on hand at the end of the year and create a lower inventory valuation. See also first in, first out (FIFO).
last in, first out. A cost flow assumption where the last (recent) costs are assumed to flow out of the asset account first. This means the first (oldest) costs remain on hand. To learn more, see Explanation of Inventory & Cost of Goods Sold. To Top
Last In First Out, It's a method of accounting whereby the cost of goods sold is higher and therefore the profit is lower.
In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received last and is consumed first, i.e. last-in-first-out.
See; Last-in - first-out LIMIT, LIMITED ORDER, OR LIMITED PRICE ORDER — An order to buy or sell a stated amount of a security at a specified price or at a better price.
Stands for “Last In, First Outâ€; an inventory accounting method that assumes the products acquired last are the ones sold first.
LAST IN, FIRST OUT. Accounting method of valuing inventory that assumes latest goods purchased are first goods used during accounting period.
Last In, First Out. A method of inventory valuation whereby the goods most recently purchased or manufactured are considered the first ones sold. In periods of rising prices, the LIFO method shows a lower profit than the first in, first out ( FIFO) method.
Last In, First Out. (Accounting based) A method of inventory accounting which presumes that the goods most recently acquired are sold before goods acquired earlier (opposite of FIFO – First In, First Out).
Last-in-first-out. A queueing technique in which the last item added to the queue is the first one to be retrieved.
1] Last in First out.[2] Liner In Free Out.
Last in, first out. A system where the most recently purchased goods are sold first.
An inventory cost flow whereby the last goods purchased are assumed to be the first goods sold so that the ending inventory consists of the first goods purchased.
The last-in, first-out (LIFO) method of valuing inventories. It assumes that last-acquired inventories (and their cost) were used first in production and first-acquired inventories are being held for future use. Inventories information, where applicable, is provided in Items 10 and 11 of the census form.
Last In First Out, the most recently received items are the firts ones to be taken out (from a warehouse or shop counter for example).
"Last in, first out," an inventory cost accounting procedure in which it is assumed that the last item manufactured is the first one sold by the company.
Last In First Out. This refers to a method used to distribute cash value withdrawals for universal life policies where the withdrawals are treated as first coming out of interest and are considered taxable income.
"Last in, first out". LIFO is commonly used to describe a type of programming stack.
Last In First Out Last in First Out is a valuation procedure according to which the stocks of a material that were last received are the first to be used or sold.
A queueing technique where the last entry to the queue is the first to be removed.
Last in, First out. ACCOUNTING method of valuing inventory under which the costs of the last goods acquired are the first costs charged to expense. Commonly known as LIFO.
A method used to determine the cost of a good sold. In making this evaluation, the method assumes that company's newest inventory (last in) is sold first (first out). When prices are rising, a company using the LIFO method will have lower gross profits and taxable income because the cost of goods sold will be higher (the newest inventory was costlier to produce). See: First In, First Out; Inventory Turnover
"Last In First Out" assumption of inventory valuation.
Last in, first out. A method of calculating inventory where the cost of goods sold is the most recently acquired units and the ending inventory is computed from the costs of the oldest units.
Last in, first out. A method of inventory valuation for accounting purposes. The accounting assumption is that the most recently received (last in) is the first to be used or sold (first out) for costing purposes, but there is no necessary relationship with the actual physical movement of specific items. See: average cost systems.
Acronym for last in, first out.
LIFO stands for last in, first out which in computer science and queueing theory refers to the way items stored in a data structure are processed. The last data to be added to the structure will be the first data to be removed. LIFO mechanisms include data structures such as stacks.