？

问题如下：

Adopting the LIFO method, company A reports the following in $:

Under the FIFO method, what's the amount of cost of goods sold and inventory in 2017?

选项：

A.

COGS=$19,480, inventory=$7,410

B.

COGS=$22,120, inventory=$11,830

C.

COGS=$25,220, inventory=$11,830

解释：

B is correct. COGS (FIFO) = COGS (LIFO) –△ LIFO reserve = $23,670 – ($2,870 –$1,320) = $22,120.

inventory(FIFO)=Inventory（LIFO)+LIFO reserve (ending)=8,960+2,870=$11,830