last in first out

• Метод обработки элементов, при котором последний добавленный или приобретённый элемент обрабатывается или удаляется первым. Широко применяется в вычислительной технике (структуры данных типа стек), управлении запасами и бухгалтерском учёте.

A method of processing items where the most recently added or acquired item is the first to be removed, used, or processed. Commonly applied in computing (stack data structures), inventory management, and accounting.

1. Inventory management methodB2formal

   A method of inventory valuation where the most recently produced or acquired items are assumed to be sold or used first.

   Последним пришёл — первым ушёл

   • The company uses the LIFO method for its inventory accounting.
   • Under LIFO, the cost of goods sold reflects the most recent purchase prices.
   • LIFO can reduce taxable income during periods of rising prices.

2. Data structure principleB2formal

   A principle in computing where the last item added to a stack is the first one to be removed.

   Последним пришёл — первым ушёл

   • The stack data structure operates on a LIFO basis.
   • In LIFO, the most recent element is always at the top.
   • The undo function in many applications uses a LIFO system.