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 $237,086 107,139 618,798 $224,940 93,627 614,945 933,512 (180,676) $752,836 963,023 (178,144) $784,879 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 $237,086 107,139 618,798 $224,940 93,627 614,945 933,512 (180,676) $752,836 963,023 (178,144) $784,879