Question: 33. Exhibit 10, Note 2, indicates that inventories valued on the LIFO basis totaled JPY94,578 million and JPY50,037 million at 31 December 2017 and 2018,

33. Exhibit 10, Note 2, indicates that “inventories valued on the LIFO basis totaled JPY94,578 million and JPY50,037 million at 31 December 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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