did January 28 fiscal year and financial statements of Colette Inc. reported the following information and thousands

year 2 vs year 1

cost of sales $1,213,918 and $1,223,622 inventories net $468,611 and 437,396

LIFO reserve 3476 and 3275

if Collett head used to FIFO method of inventory costing year 2 cost of goods sold would have been