8dd8e1b3_O_Accounting___AccountingTools__LIFO_Method
[Issue] Materials flow [FIFO Method] In most businesses, the actual flow of materials follows FIFO, which makes this a logical choice. [LIFO Method] 
There are few businesses where the oldest items are kept in stock whiler newer items are sold first.
FIFO vs LIFO Accounting - AccountingTools
LIFO Method