Inventory accounting in which the most recently acquired items are assumed to be the first sold.
1Energy companies are the biggest users of LIFO, according to the Committee for a Responsible Federal Budget.
2Down one road is to simply chop the Kings and Cheetahs, LIFO-style (Last-In, First Out).
3Okay, pull out in LIFO order.
4Axing LIFO could generate $80 billion over 10 years, according to a Treasury Department estimate.