LIFO (Last-in-first-out)

The last-in-first-out inventory valuation methodology. A method of valuing inventory that uses the cost of the most recent item in inventory first.

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Last-In-First-Out (LIFO)
A method of valuing inventory that uses the cost of the most recent item in inventory first.

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Commodity Pool

An investment trust, syndicate or similar form of enterprise operated for the purpose of trading commodity futures or option contracts.


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