{"@context":"https://schema.org","@type":"DefinedTerm","name":"Last In, First Out (LIFO) Inventory Management","description":"Warehouse managers and accountants apply LIFO (Last In, First Out) when the most recently received stock is consumed or valued ahead of older inventory. In physical storage, the method arises naturally with bulk materials such as gravel or coal, where retrieving items in strict arrival order is impractical. In cost accounting, LIFO increases reported material costs during periods of rising purchase prices, which lowers the carrying value of inventory on the balance sheet and can have tax implica","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/last-in-first-out-lifo-inventory-management","inLanguage":"en","dateModified":"2026-06-26T07:24:22.331372","citation":"https://www.investopedia.com/terms/l/lifo.asp","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/last-in-first-out-lifo-inventory-management","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Last In, First Out (LIFO) Inventory Management · Warehouse managers and accountants apply LIFO (Last In, First Out) when the most recently received stock is consumed or valued ahead of older inventory. · Quelle: https://www.investopedia.com/terms/l/lifo.asp"}