3. U.S. public companies using LIFO also report the amount that inventory would increase (or occasionally decrease) if the company had instead used FIFO. EXHIBIT 7.9 Financial Statement Effects of Inventory Costing Methods HARLEY-DAVIDSON, INC. Notes to Consolidated Financial Statements 2. ADDITIONAL BALANCE SHEET AND CASH FLOW INFORMATION (in thousands) December 31, 2006 2005 REAL WORLD EXCERPT Harley-Davidson, Inc. ANNUAL REPORT Inventories: Inventory at FIFO Excess of FIFO over LIFO cost Inventory at LIFO LIFO Reserve Inventory reported on the balance sheet 316,524 28,726 $287,798 244,708 23,290 $221,418 If Harley-Davidson reported COGS of $500,000 thousand. How much COGS would be if it used FIFO