LIFO (Last-In First-Out)

Business / Accounting / LIFO (Last-In First-Out): An inventory cost flow whereby the last goods purchased are assumed to be the first goods sold so that the ending inventory consists of the first goods purchased.

FIFO (First-In First-Out)

Business / Accounting / FIFO (First-In First-Out): An inventory cost flow whereby the first goods purchased are assumed to be the first goods sold so that the ending inventory consists of the most recently purchased goods. MORE

Fecal Coliform Bacteria

Business / Agriculture / Fecal Coliform Bacteria: Bacteria found in the intestinal tracts of mammals. Their presence in water or sludge is an indicator of pollution and possible contamination by pathogens. MORE

Last In, First Out (LIFO)

Business / Finance / Last In, First Out (LIFO): A method of inventory valuation whereby the goods most recently purchased or manufactured are considered the first ones sold. In periods of rising prices, the LIFO method shows a lower profit than the MORE

LIFO

Business / Finance / LIFO: See last in, first out. MORE

LIFO (Last-In First-Out)

Business / Accounting / LIFO (Last-In First-Out): An inventory cost flow whereby the last goods purchased are assumed to be the first goods sold so that the ending inventory consists of the first goods purchased. MORE

Cumuliform

Science / Weather / Cumuliform: Clouds composed of water droplets that exhibit vertical development. The density of the droplets often blocks sunlight, casting shadows on the earth's surface. With increasing vertical height, they ar MORE

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