Patch Grove Nursery uses the LIFO inventory accounting method. Maria Huff, president, wants to determine the financial statement impact of changing to the FIFO accounting method. Select company information follows: Year-end inventory$ 22000 Year-end LIFO reserve $ 4000 Beginning of year LIFO reserve $ 3000 LIFO cost of goods sold $1800 After-tax income $ 2000 Tax rate 40% Under FIFO, the nursery’s ending inventory and after-tax profit would be: FIFO ending inventoryFIFO after-tax profit ①A.$18000$1400 ②B.$18000$ 2600 ③C.$ 26000$ 2600
A．
