Last-in, first out (LIFO)

12.07.2013 09:14

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Last-in, first out (LIFO)

1) Stock valuation: the method of valuing stocks which assumes that all issues or sales are charged at the most current cost but stocks are valued at the oldest cost available. Stock rotation: the method whereby the newest goods in stock are delivered (sold) and/or consumed first. (Source: ILT Supply-Chain Inventory Management SIG)

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.139 (288 p.)


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