Inventory Valuation

Description and Definition of Last-in, First-out Inventory Valuation Method (LIFO)

A method of inventory valuation that assumes any inventory sold was from the last inventory purchased.

Resources

See Also

Further Reading

• Last-in, First-out Inventory Valuation Method (LIFO) in the West's Tax Law Dictionary
• Last-in, First-out Inventory Valuation Method (LIFO) in “A Dictionary of Taxation”