| 释义 |
next-in-first-out cost next-in-first-out cost(NIFO cost) A method of valuing units of raw material or finished goods issued from stock by using the next unit price at which a consignment will be received for pricing the issues. It is effectively using replacement cost as a stock valuation method, which is not normally acceptable as a stock valuation system in the UK when computing profits for taxation purposes. Comparefirst-in-first-out cost; last-in-first-out cost. |