LAST-IN, FIRST-OUT (LIFO) - A cost flow assumption; the last goods purchased are assumed to be the first goods sold.
A LIFO model has cost savings over a FIFO model.
mnli hypothesis: A LIFO model has cost savings over a FIFO model. premise: LAST-IN, FIRST-OUT (LIFO) - A cost flow assumption; the last goods purchased are assumed to be the first goods sold.