last in, first out; LIFO
Accounting and inventory management term. Refers to the method where the most recently added items are used or sold first.
We use the last-in, first-out method for inventory valuation.
LIFO has the effect of compressing profits during periods of rising prices.
FIFO (first in, first out), the opposite inventory method where the oldest items are used or sold first.
Standard kanji-kana mixed spelling for the accounting/inventory term.
Compact kanji-only form, common in technical contexts.
Compound of 後入れ (あといれ, 'putting in later') and 先出し (さきだし, 'taking out earlier'), directly translating the English accounting term 'last in, first out'.