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What would be general electric inventory balance

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Reference no: EM132640977

General Electric uses the LIFO inventory cost flow assumption, reporting inventories on its 2014 balance sheet of $17.6 billion and a LIFO reserve of approximately $62 million.

Question 1: What would be GE's 2014 inventory balance if it used the FIFO assumption instead? (Enter amounts in billions to 3 decimal places, e.g. 26.381.)

Reference no: EM132640977

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