单选题 The following information is calculated by using LIFO method, calculate the cost of goods sold using FIFO. {{U}}2000{{/U}} {{U}}2001{{/U}} Beginning Inventory $ 80000 $ 70000 Ending Inventory $ 70000 $ 50000 LIFO Reserve $ 5000 $ 8000 LIFO Cost of Goods Sold $ 300000 $ 250000
【正确答案】 C
【答案解析】
COGSFIFO=COGSLIFO-(Ending LIFO Reserve-Beginning LIFO Reserve)
COGSFIFO=$ 250000-($ 8000-$ 5000)=$ 247000