What is the meaning of last in first out?

noun

  • Inventory accounting in which the most recently acquired items are assumed to be the first sold.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). last in first out. Retrieved September 20, 2026, from http://smartdefine.org/last_in_first_out/definitions/1191341
ChicagoWordNet. 2010. "last in first out" http://smartdefine.org/last_in_first_out/definitions/1191341 (accessed September 20, 2026).
HarvardWordNet 2010, last in first out, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/last_in_first_out/definitions/1191341>.
MLAWordNet. "last in first out" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/last_in_first_out/definitions/1191341>