问题
单项选择题
The year-end financial statements for a firm using last in first out (LIFO) acounting show an inventory level of $5000, cost of goods sold (COGS) of $16000, and inventory purchases of $14500. If the LIFO reserve is $ 4000 at year-end and was $1500 at the beginning of the year, what would the COGS have been using FIFO accounting
A．
| A. $18500. |
B．
| B. $11000. |
C．
| C. $13500. |
答案
参考答案：C
解析：
COGSr = COGSL-change in LIFO reserve = COGSL - ( LIFO reserveE-LIFO reserveB) = $16000 - ( $4000 - $1500) = $16000 - $2500 = $13500.