问题详情

AcompanycurrentlyusesLIFOinventoryvaluationunderU.S.GAAP.ThecompanyreportedanincreaseintheLIFOreservefortheyear.IfthecompanyusedFIFOratherthanLIFO:
A.COGSislowerandnetincomeislower.
B.CFGOislowerandnetincomeishigher.
C.COGSishigherandnetincomeislower.