NO.PZ2019120301000187
问题如下:
Question A company using the last-in, first-out (LIFO) inventory method reports a year-end LIFO reserve of $85,000, which is $20,000 lower than the prior year. If the company had used first-in, first-out (FIFO) instead of LIFO in that year, its financial statements would most likely have reported:
选项:
A.a higher cost of goods sold (COGS) but a lower inventory balance.
B.both a higher cost of goods sold (COGS) and a higher inventory balance.
C.a lower cost of goods sold (COGS) but a higher inventory balance.
解释:
Solution
B is correct.
A is incorrect. As per the table, inventory would be higher.
C is incorrect. As per the table, COGS would be higher.
从LIFO改成FIFO不是销售成本在⬇️吗?那inventory应该上升啊?请问我哪里理解不对?