Question: 22. Note 2 indicates that, Inventories valued on the LIFO basis totaled 94,578 million and 50,037 million at December 31, 2017 and 2018, respectively. Based

22. Note 2 indicates that, “Inventories valued on the LIFO basis totaled ¥94,578 million and ¥50,037 million at December 31, 2017 and 2018, respectively.” Based on this, the LIFO reserve should most likely:

A. increase.

B. decrease.

C. remain the same.

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