Balance sheets, respectively. cost of goods sold for the year was $27,000. the company uses primarily the lifo inventory method. a disclosure note reported that if fifo had been used instead of lifo, inventory would have been higher by $800 and $600 million at the end of 2019, and 2018 respectively. determine the cost of goods sold for the year ended december 31, 2019 assuming the company used fifo instead of lifo.