| 单词 | last in, first out |
| 释义 | last in, first out last in, first out phrase
1 (Commerce ; Production ) (abbr LIFO) a method of stock control in which the last goods or raw materials bought or produced are the first ones used or sold ⇨ FIRST IN, FIRST OUT
2 (Accounting ) (abbr LIFO) a method of valuing supplies of goods or units of raw materials based on the idea that the last goods bought or produced are the first ones used or sold. The value of goods left at the end of the year is based on the earliest price paid: The production costs were calculated on a last in, first out basis. The LIFO cost is lower than the actual cost of goods when there is inflation. ⇨ FIRST IN, FIRST OUT
3 (HR ) used, for example in a situation when people are losing their jobs, to say that the last people to be employed will be the first to go
4 (IT ) used to describe a system where data received last is the first to be processed |
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