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Genuine Parts Company reported a LIFO reserve of $398 million at the end of 2017 and a LIFO reserve of $383 million at the end
Genuine Parts Company reported a LIFO reserve of $398 million at the end of 2017 and a LIFO reserve of $383 million at the end of 2018. The decrease in the reserve may have resulted because:
A. | The company sold more inventory than it purchased in 2018. | |
B. | The company purchased more inventory than it sold in 2018. | |
C. | Input prices decreased from 2017 to 2018. | |
D. | Input prices increased from 2017 to 2018. | |
E. | Both a and c | |
F. | Both b and d |
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