The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands).
If Caleres had used the FIFO method of inventory costing, 2016 inventory would have been:
A) $506,852 million
B) $590,109 million
C) $504,752 million
D) $581,419 million
E) None of the above

Question

The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands).
 If Caleres had used the FIFO method of inventory costing, 2016 inventory would have been:
A) $506,852 million 
B) $590,109 million 
C) $504,752 million 
D) $581,419 million 
E) None of the above

Quizplus · Accepted Answer

The Answer of The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands).
 If Caleres had used the FIFO method of inventory costing, 2016 inventory would have been:
A) $506,852 million 
B) $590,109 million 
C) $504,752 million 
D) $581,419 million 
E) None of the above

The January 28, 2017 (Fiscal Year 2016) Financial Statements of Caleres