A Brief Accounting (& Parenting) Primer
As a former accountant (my first post-college job was as a CPA), I learned these inventory terms:
FIFO: First in, First Out
LIFO: Last in, First Out
Weighted Average method: what it sounds like.
To those, I’d add one more: FILO, for “first in, last out.”
Specifically, that’s what harried parents — including one who works weekends! — practice when one of their kids is invited to a sleepover.
That is, to maximize our downtime/babysitting coverage, we drop our child off first and pick them up last.
Just not by a lot . . .
