题目内容（请给出正确答案）

[主观题]

A company using the LIFO inventory method reports a LIFO reserve at year-end of $85,0

00, which is $20,000 lower than the prior year. If the company had used FIFO instead of LIFO in that year, the company’s financial statements would have reported:

A. a lower cost of goods sold, but a higher inventory balance.

B. a higher cost of goods sold, but a lower inventory balance.

C. both a higher cost of goods sold and a higher inventory balance.

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