What does LIFO mean?
An inventory valuation method assuming the last units purchased are the first ones sold.
During periods of rising prices, using the LIFO method can result in a lower reported net income.
LIFO in German, French, Spanish and Italian
GermanLast-In, First-Out
also LIFO-Verfahren
Bewertungsverfahren, bei dem die zuletzt gekauften Waren zuerst verbraucht werden.
FrenchDernier entré, premier sorti
also Last-In, First-Out, LIFO
Méthode de valorisation des stocks (dernier entré, premier sorti).
SpanishÚltimo en entrar, primero en salir
also Last-In, First-Out, UEPS
Valoración donde las últimas unidades que entran son las primeras que salen.
ItalianMetodo dell'ultimo entrato, primo uscito
also Last-In, First-Out, LIFO
Metodo che valuta gli scarichi di magazzino ai prezzi più recenti.
Common phrases with LIFO
- inventory valuation LIFO
- rising prices LIFO
- method LIFO