Ine abnincant accoentine policies note diselosure cangained the followiage Inventories The Company used the LIFO method to value inventodles of $81.2 mililon and $611 militon at December 28,2019 , and December 29,2018 , respectively. During fical yoars 2019 and 2018, a reduction in inventay quantities resulted in a llquidation of applicable LFFO invantory quantives carried at lower costs In prior years. This LIFO llquidation decreased cost of goods sold by $0.4 milison and $4.6 million, respectively. if the FFFO method had been used. Irventorles would have been $11.4 milion and $11.8 mililion higher than reported at December 28,2019 , and December 29,2018, respectively. Required: I. Is Wolverine disclosine the FIFO cost of its LIFO itventory? 2. Calculate what beeinning imventory and ending itventory would have been for the year ended December 28 , 2019 if Wotverine had used FIFO for all of its inventorici 3. Calculste what cost of eoods sold and zioss profit wowld have been for the year esded December 29,2019 , if Wolverine had used FIFO for all of ifs imventories 4. In 2019. Wolverine reported a L.FFO licuidation. Did this tiquidatison inciease of decrease cost of goods sold in 20197 Does this indicate that inventory costs have been iscic aning or decreasine ower time