问题如下:
1. If Karp had used FIFO instead of LIFO, the amount of inventory reported as of 31 December 2009 would have been closest to:
选项:
A.$465 million.
B.$658 million.
C.$775 million.
解释:
C is correct.
Karp’s inventory under FIFO equals Karp’s inventory under LIFO plus the LIFO reserve. Therefore, as of 31 December 2009, Karp’s inventory under FIFO equals:
Inventory (FIFO method) = Inventory (LIFO method) + LIFO reserve = $620 million + 155 million = $775 million
老师 这个155是怎么得到的数据