lifo liquidation meaning
[Finance]
When a company using the LIFO (Last In, First Out) method of inventory costing liquidates their older LIFO inventory. A LIFO liquidation would occur if current sales are higher than current purchases, as a result, any inventory not sold in previous periods must be liquidated.
When a company using the LIFO (Last In, First Out) method of inventory costing liquidates their older LIFO inventory. A LIFO liquidation would occur if current sales are higher than current purchases, as a result, any inventory not sold in previous periods must be liquidated.
- lifo: Noun: LIFO &n ...
- liquidation: Noun: liquidation& ...
- first out (lifo) last in: [Finance]An accoun ...
