noun
1.
an inventory plan based on the assumption that materials constituting manufacturing costs should be carried on the books at the market price of the last lot received. Abbreviation: LIFO Compare first-in, first-out.
2.
Origin:
1935–40
1935–40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Last-in, first-out
is always a great word to know.
So is ort. Does it mean:
| a scrap or morsel of food left at a meal. |
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