The following note was contained in a recent Ford Motor Company annual report: points NOTE 8. INVENTORIES-AUTOMOTIVE SECTOR Inventories at December 31 were as follows (dollars in millions) Previous Current Year Year Raw material, work in process, & supplies $ 2,847 $ 2,812 Finished products 3,982 3,970 Total inventories at PIPO 6,829 6, 782 LOSS LIFO Adjustment (928) (865) Total $ 5,901 $ 5,917 Book Print References About one-third of inventories were determined under the last-in, first-out method. To lower the cash outflows for taxes, which of the following should the Ford management choose to use for certain of its inventories when the costs are rising? Which of the following should the Ford management choose to use for certain of its inventories when the costs are rising?