| NOUN | act | LIFO, last in first out | inventory accounting in which the most recently acquired items are assumed to be the first sold |
|---|
| Sounds | liy'fow | |
|---|---|---|
| Rhymes | boffo ... Truffaut: 6 rhymes with fow... | |
| Meaning | inventory accounting in which the most recently acquired items are assumed to be the first sold. | |
|---|---|---|
| Synonym | last in first out | |
| Broader | inventory accounting | accounting that controls and evaluates inventory |
| Spanish | LIFO | |
| Catalan | LIFO | |
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