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Non-Tech : The Critical Investing Workshop
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To: Dr. David Gleitman who wrote (9424)3/28/2000 1:35:00 AM
From: paul_fennell  Read Replies (1) of 35685
 
Doc,

LIFO = Last in, first out
FIFO = First in, first out

Businesses have to lock in to one or the other method for costing purposes.

I think the reference here is really using oldest stock purchase first or selecting specific lots when you sell

Paul
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