Last in first out

From ACT Wiki
Revision as of 23:58, 2 May 2020 by imported>Doug Williamson (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search


1. Accounting.

A method of allocating inventory for valuation purposes which assumes that the inventory acquired or produced last is used first.


A method of selecting staff to be made redundant, the most recently joined staff being the first to be selected for redundancy.

See also