微信扫一扫
实时资讯全掌握
|
If a company using last in, first out (LIFO) reports an inventory balance of $22,000 and a LIFO reserve of $4,000 (assume a 40% effective tax rate), the estimated value for the inventory on a first in, first out (FIFO) basis would be: A. $24,400. B. $26,000. C. $18,000. |