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 COGS would have been:
A) $1,517,648 thousand
B) $1,551,301 thousand
C) $1,553,198 thousand
D) $1,517,146 thousand
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 COGS would have been:
A) $1,517,648 thousand 
B) $1,551,301 thousand 
C) $1,553,198 thousand 
D) $1,517,146 thousand 
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 COGS would have been:
A) $1,517,648 thousand 
B) $1,551,301 thousand 
C) $1,553,198 thousand 
D) $1,517,146 thousand 
E) None of the above

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