EXERCISES E5.11 Hershey (HSY) values the majority of U.S. inventories under the LIFO method and its interna- tional business using the FIFO method. Using the information below from HSY's footnote, what adjustments are needed to convert the 2018 NOA and NOPAT from LIFO to as-if FIFO? Assume the statutory tax rate is 21 percent. THE HERSHEY COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued) (amounts in thousands, except share data or if otherwise indicated) 17. SUPPLEMENTAL BALANCE SHEET INFORMATION The components of certain consolidated balance sheet accounts are as follows: December 31, 2018 2017 Inventories: Raw materials. Goods in process Finished goods Inventories at FIFO. Adjustment to LIFO. Total inventories . . $237,086 $224,940 107,139 93,627 618,798 614,945 963,023 933,512 (178,144) (180,676) $784,879 $752,836