单选题 During an accounting period a company had the following sequence of transactions: Beginning inventory is zero. The company purchased 500 units at $15. The company purchased 600 units at $16. The company sold 400 units at $18. The company sold 550 units at $ 20. Cost of goods sold (COGS) using last-in first-out (LIFO) inventory accounting and ending inventory using first-in first-out (FIFO) are closest to: LIFO COGS FIFO ending inventory ①A. $14700 $ 2400 ②B. $14 700 $ 3350 ③C. $14850 $ 2400
【正确答案】 C
【答案解析】LIFO COGS : Sold 950 units 600×$16= $9600 350×$15= {{U}}$5250{{/U}} COGS {{U}}$14850{{/U}} FIFO ending inventory: Beginning Inventory 0 Purchases 11 00 Total Inventory 1100 Sales {{U}} - 950{{/U}} Ending Inventory {{U}} 150{{/U}} 150 × $16 {{U}}$ 2400{{/U}}