The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information in thousand). The company currently use LIFO method of inventory conting. Cost of sales Inventories, net LIFO reserve 2016 51.517/397 585,764 4,345 2015 $1.529,527 546,745 4,094 Caleren had used the FIFO method of inventory conting, 2016 COGS would have been $1,517,848 thousand $1,551,301 thousand $1,553,198 thousand 51,517,146 thousand