Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

What does the phrase “last in, first out” mean?

Sagot :

aaliyah672710
It’s used to account for inventory. It record the most recent produced items as sold first. It records how the newest item made is the first to be sold. Last in first out is used during inflation as a way to reduce income tax.

Hoped that help sorry if it didn’t
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.