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.
【正确答案】 B
【答案解析】FIFO COGS = LIFO COGS -change in LIFO reserve = $15000 - (4000 -2500) = $13500