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2 . Barney s COGS under LIFO is $ 3 , 7 0 0 . Ignore taxes. $ millions 2 0 2 3 2 0
Barneys COGS under LIFO is $ Ignore taxes.
$ millions
Inventory under FIFO $ $
Inventory as reported LIFO $ $
LIFO reserves $ $
In how much would COGS have been under FIFO?
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