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13. The folowing information is taken from the footnotes of Clegane Inc. regarding its inventory disclosures Ending Inventory Under LIFO and FIFO Cost Method FIFO

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13. The folowing information is taken from the footnotes of Clegane Inc. regarding its inventory disclosures Ending Inventory Under LIFO and FIFO Cost Method FIFO LIFO 12/31/18 $252,000 234,000 12/31/17 $235,000 221,000 If Clegane reports cost of goods sold in the amount of S983,000 for 2018 using a FIFO cost method determine the amount of cost of goods sold using a LIFO method. a. $987,000 b. $1,001,000 c. $979,000 d. $965,000 e. Not enough information to determine

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