1 Incorrect $307,500X Mark 0.00 out of 0.36 LIFO Inventory Reserve Lamil Company reports ending inventory of $375,000 on a LIFO basis and also reports a LIFO inventory reserve of $67,500. If Lamil had used FIFO rather than LIFO, ending inventory would have been: O$375,000 O$442,500 O$456,250 PFlag question Next