FILO (First-In, Last-Out)

Last Updated: Jun 7, 2019

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A method of inventory valuation and management that assumes goods are sold or used in the reverse order they were purchased. When an item of inventory is sold, the cost of the newest inventory on hand is deemed the cost of goods sold. FILO might also refer to a tranche of loans within a larger credit facility that is the first tranche to be funded and the last tranche to be repaid.