Analyzing inventory Disclosure Comparing LIFO and FIFO The current asset section of the 2014 and 2013 fiscal year end balance sheets of The Kroger Co are presented in the accompanying table: January 31, February 1, Smillions 2015 2014 Current assets Cash and temporary cash investments $189 $325 Deposits in-transit 786 666 Receivables 949 345 FIFO inventory 6297 5.793 LIFO reserve (1,083) 1827) Prepad and other current assets 28 319 Total current assets 57.425 57.621 In addition, Kroger provides the following footnote describing its inventory accounting policy (assume the following is their complete disclosure Inventories are stated at the lower of cost principally on a LIFO basis) or market. In total, approximately 95% of inventories in 2014 and 2013 were valued using the LIFO method. Cost for the balance of the inventories, including substantially all fuel inventories, was determined using the FIFO method. Replacement cost was higher than the carrying amount by $1,083 million at January 31, 2015 and $827 million at February 1, 2014. We follow the Link Chain, Doltar-Value LIFO method for purposes of calculating our LIFO charge or credit b. What is the cumulative effect (through January 31, 2015) of the use of UFO on Kroger's pretax earnings (Show an increase as a positive number and a decrease as a negative numbers 1,083 * million Assuming a 35 tax rate. what is the cumulative through January 31, 2015) tax effect of the use of UFO to determine inventory costs? (Show an increase as a positive number and a decrease as a negative number.) (Round your answers to one decimal place.) $ 379.1 x million