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Business, 06.05.2020 01:32 tyricqreed91
QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019: Cost of goods sold was $22.60 billion under FIFO costing and the inventory value under FIFO costing was $2.22 billion. The LIFO Reserve for year-end 2018 was $0.66 billion and at year-end 2019 it had increased to $0.86 billion. What is the LIFO inventory value at year-end 2019?
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