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First in last out (FILO) is an inventory management technique in which the product that was most recently received is the product that is allocated for a customer order. The FILO method enables quick retrieval of items because they are not buried behind or beneath other more recently received items.
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Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first.
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FIFO and LIFO accounting, in accounting ; Stack (abstract data type), in computing, a collection data structure providing last-in-first-out semantics; also ...