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Leggett and Platt reported total inventory of $495.9 million on their 2019 balance sheet along with a LIFO reserve of $73.3 million. What would the
Leggett and Platt reported total inventory of $495.9 million on their 2019 balance sheet along with a LIFO reserve of $73.3 million. What would the company have reported on its balance sheet for inventory if it had used the FIFO method of accounting for inventory?
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