LOFO (Lowest In – First Out)

What is LOFO?

LOFO (Lowest In - First Out) refers to a process in which the goods are stored in a certain way. As with the HIFO process, the items are stored according to price, so that the cheaply produced goods are removed from stock first. This means that at the end of the year, only expensive items remain in stock.

The LOFO procedure is not permitted for the official balance sheet, regardless of whether under commercial or tax law. This procedure is only listed in the cost accounting.

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What is Lofo? (LOWEST IN - FIRST OUT)


Logistik-Lexikon LOFO Prinzip

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