QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019: Cost of goods sold was $22.60 billion under FIFO costing and the inventory value under FIFO costing was $2.22 billion. The LIFO Reserve for year-end 2018 was $0.66 billion and at year-end 2019 it had increased to $0.86 billion. What is the LIFO inventory value at year-end 2019?

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.