问题如下：
Compared with FIFO for both tax and financial statements, a firm reporting under LIFO during a period of falling prices most likely reports a higher:
选项：
A.cash balance.
B.COGS.
C.inventory.
解释：
C
LIFO would result in lower COGS (higher gross profit) and higher ending inventory than FIFO when price is falling. Higher gross profit under LIFO would result in higher taxes payable, then reduce cash balance (as long they pay their taxes).
这道题是用这个知识点解答么？price failing 意思是 deflation 通货紧缩，所以看第二行，在 LIFO 里 COGS 是 lower 的
