NIFO Cost

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Definitions
Next-In-First-Out Cost (NIFO Cost)
NIFO Cost Inventory Valuation Replacement Cost Raw Materials Finished Goods Stock Valuation Decision Making FIFO Cost LIFO Cost
NIFO cost is a method of valuing units of raw material or finished goods issued from stock by using the next unit price at which a consignment will be received for pricing the issues.
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Definitions
NIFO Cost: Next-In-First-Out Cost
NIFO Cost Inventory Management Accounting Methods Cost Accounting Valuation Financial Measurement
An accounting method where the most recently acquired or produced items are used first for financial measurement and inventory management.
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