TAS E6.20 LIFO Reserve: Restating Financial Statements. The following information is taken from the annual of Herman Miller, Inc.: report (in millions) Cost of goods sold.... Net income before tax. Ending inventory.. Inventory reserve. 2019 2018 .. $1,637.3 $1,508.2 200.1 170.5 184.2 162.4 171.5 149.8 Herman Miller uses LIFO to value its inventory. Restate the company's financial results for 2019 assuming the use of the FIFO method. Assume an effective tax rate of 20 percent. Which method-FIFO or LIFO-should Herman Miller use to report its financial results to its shareholders? Why?