Essay
The following contains information from the 2020 balance sheet of Kayla Enterprises, all amounts have been rounded to millions of dollars. 
Answer the following questions:
A)Describe what costs are included in each of the three types of inventories listed for Kayla Enterprises.
B)Even though a footnote describing the inventory costing method(s) used by the company is not provided here, what can you conclude about the inventory costing methods(s) used by the company?
C)Explain what the amount "Adjustment to LIFO" represents. What effect does this adjustment have on the company's net earnings in 2019 and 2020?
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