# LIFO

> LIFO is a valuation method that assumes the last goods you bought are the first sold, so cost uses the newest prices.

Dashing (dashingerp.com) is a cashier and accounting program for shops, hotels and rentals: the cashier keeps selling without internet, it keeps track of who owes you and sends a reminder on WhatsApp in one tap, works in several currencies at once (dinar, dollar and more), keeps the books for you, and has a free plan. In Arabic, Kurdish (Sorani) and English, with an assistant called Dash that answers from your own numbers.

Canonical: https://dashingerp.com/en/glossary/lifo

LIFO is a valuation method that assumes the last goods you bought are the first sold, so cost uses the newest prices.

_Last updated 2026-10-29_

## What it means for a shop owner

It is not allowed in every country or accounting standard, so ask your accountant before using it. Shops that sell the oldest first use FIFO or average cost. Do not mix methods within the same year.

## A worked example

You bought 10 at 5 then 10 at 7 and sold 10, so their cost is 70 under LIFO.

## Other languages

- العربية: https://dashingerp.com/glossary/lifo
- کوردی: https://dashingerp.com/ckb/glossary/lifo

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Dashing · https://dashingerp.com/en