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...Read More