单选题
The following information has been gathered about a firm:
LIFO inventory = $10000
Beginning LIFO reserve = $
2500
Ending LIFO reserve = $ 4000
LIFO cost of
goods sold=$15000
LIFO net income = $1500
Tax
rate is 40%
What is the FIFO COGS?
- A. $16500.
- B. $13500.
- C. $11000.