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In the Following Information from the 2013 Balance Sheet of Kayla

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In the following information from the 2013 balance sheet of Kayla Enterprises,all amounts have been rounded to millions of dollars.
 May 31,2013  May 31,2012  Raw materials $25.8$52.1 Work-in-process 44.834.7 Finished goods 1,132.701,303.8 Inventories at FIFO 1,203.301,390.6 Adiustment to LIFO 5.621.9\begin{array}{lll}& \underline { \text { May 31,2013 } }& \underline { \text { May 31,2012 }} \\\text { Raw materials } & \$ 25.8 & \$ 52.1 \\\text { Work-in-process } & 44.8 & 34.7 \\\text { Finished goods } & 1,132.70 & 1,303.8 \\\text { Inventories at FIFO } & 1,203.30 & 1,390.6 \\\text { Adiustment to LIFO } & 5.6 & 21.9\end{array} Answer the following questions:
A) Describe what costs are included in each of the three types of inventories liste d 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 companys net earnings in 2012 and 2013 ?

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A) Raw materials consists of materials a...

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