The excess of market value over the carrying value of inventories for which the LIFO method is used was $4,846,
$3,036 and $2,106 at December 31, 2005, 2004 and 2003, respectively. Market value is generally based on average acquisition costs for the year. LIFO profits of $34, $36 and $82 were included in net income for the years 2005, 2004 and 2003, respectively.
question: <Excess of replacement cost over the carrying value of inventories> is the LIFO reserve or LIFO profits on inventory drawdowns included in earnings is LIFO reserve