问题
单项选择题
A company using the LIFO inventory method reports a LIFO reserve at year-end of $85 000, which is $20 000 lower than the prior year. If the company had used FIFO instead of LIFO in that year, the company’s financial statements would have reported:（）
A. a lower cost of goods sold, but a higher inventory balance.
B. a higher cost of goods sold, but a lower inventory balance.
C. both a higher cost of goods sold and a higher inventory balance.
答案
参考答案：A
解析：
[分析]： LIFO储备金额的下降将使基于FIFO法的产品销售成本(COGS)低于基于LIFO法的金额。相应地，COGSFIFO=COGSLIFO-△储备LIFO。
LIFO储备金额的下降将使基于FIFO法的存货金额高于基于LIFO法的金额。相应地，存货价值FIFO=存货价值LIFO+储备LIFO。
因此，本题的正确选项为A。
[考点] 不同的存货处理方法与厂商财务报表的比较；对财务报表进行调整的方法