# QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019: Cost of goods sold was $22.40 billion under FIFO costing and the inventory value under FIFO costing was$2.18 billion. The LIFO Reserve for year-end 2018 was $0.64 billion and at year-end 2019 it had increased to$0.84 billion. How much is the 2019 LIFO cost of goods sold?

###### Question:

QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019: Cost of goods sold was $22.40 billion under FIFO costing and the inventory value under FIFO costing was$2.18 billion. The LIFO Reserve for year-end 2018 was $0.64 billion and at year-end 2019 it had increased to$0.84 billion. How much is the 2019 LIFO cost of goods sold?

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