12. A LIFO reserve provides which of the following information! OA The amount which UFO-based inventories are higher than they would be under FIFO - The amount by which cost of goods sold under LIFO exceed the amount of cost of goods sold a company would have reported to itsed Room the same period OC The amount by which the cumulative pretox profit under UFO is higher than it would have been under FFO OD The amount by which taxes would have been reduced FIFO had been used in place of LIFO