last in, first out

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Srinivasa Ramanujan, Indian mathematician and autodidact.

6 Interesting Facts about Srinivasa Ramanujan

Indian hijras participate in a religious procession in Gandhinagar, India, some 30 kilometers from Ahmedabad, on March 22, 2017. Hijra is a term used in South Asia which refers to transgender individuals who are born male. (gender identity, gender expression)

6 Cultures That Recognize More than Two Genders

Saint Lucia Day. Young girl wears Lucia crown (tinsel halo) with candles. Holds Saint Lucia Day currant laced saffron buns (lussekatter or Lucia's cats). Observed December 13 honor virgin martyr Santa Lucia (St. Lucy). Luciadagen, Christmas, Sweden

7 Winter Solstice Celebrations From Around the World

World Data Locator Map: Australia

Is Australia an Island?

The impeachment trial of Pres. Andrew Johnson, illustration from Frank Leslie's Illustrated Newspaper, March 28, 1868.

What If the President Is Impeached?

Nativity Scene, Adoration of the Magi, Church of the Birth of the Virgin Mary, Montenegro

Why Is Christmas in December?

Monitor. Varanus salvadorii is a monitor lizard found in New Guinea can grows to 2.7 metres (9 ft.) aka Tree crocodile, Crocodile monitor, Salvadori's monitor, artellia, reptile

7 of the World’s Most Dangerous Lizards and Turtles

last in, first out

accounting

Also known as: LIFO

Learn about this topic in these articles:

accounting principles

In accounting: Cost of goods sold
…(1) first-in, first-out (FIFO), (2) last-in, first-out (LIFO), or (3) average cost. The LIFO method is widely used in the United States, where it is also an acceptable costing method for income tax purposes; companies in most other countries measure inventory cost and the cost of goods sold by some…
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capital valuation

In capital and interest: Heterogeneous goods
…valuation known as LIFO (Last In, First Out), in which inventory is valued at the purchase price of the earliest purchases. This avoids the fluctuations caused by short-run price-level changes, but it fails to record changes in real long-run values. There seems to be no completely satisfactory solution to…
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inventory evaluation

In inventory
…sold; and last-in, first-out (LIFO), in which the reverse pattern is followed. (See accounting.)
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