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2 . Barney s COGS under LIFO is $ 3 , 7 0 0 . Ignore taxes. $ millions 2 0 2 3 2 0

2. Barneys COGS under LIFO is $3,700. Ignore taxes.
$ millions 20232024
Inventory under FIFO $400 $500
Inventory as reported (LIFO) $278 $399
LIFO reserves $122 $101
In 2024, how much would COGS have been under FIFO?
  

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