Identifying quantity and price changes. The financial statements of Boise Cascade Corporation revealed the following for three years (amounts in millions);

a. Did inventory quantities and replacement costs for inventory items increase or de- crease during Year 10? Explain.

b. Did inventory quantities and replacement costs for inventory items increase or de- erease during Year 11? Explain.

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Inventories at Current Costs Less Excess of Current Costs over LIFO Cost Inventories at LIFO Cost Year 9 Year 10 Year 11 $483 $538 $540 (59) (53) (61) $424 $485 $479