Last-in, first-out (LIFO) inventory valuation, beginning of year ($1,000)

{
  "id": "MLC-T-ECS-001042",
  "term": "Last-in, first-out (LIFO) inventory valuation, beginning of year ($1,000)",
  "field": "Economic statistics",
  "definition": "Total value of merchandise inventories using the last-in, first-out valuation method before reserve adjustment on December 31st of the reporting year, (and/or the prior year if applicable), regardless of where held. Excludes the value of inventories held by the establishment but owned by others.\n\nData are shown in thousands of dollars ($1,000).",
  "see_also": [
    "Total inventories, beginning of year ($1,000)"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/last-in-first-out-lifo-inventory-valuation-beginning-of-year-1000/"
}