Quick question (lifo reserve) sales, following, question, decrease, reserve

cyber21

Guys,
Would the following be true:
If a company had the following opening balances:
Beginning inventory = $2m
LIFO reserve in the Beginning Year = $1m
and no purchases for the year, but had sales of $1.5m, would the lifo reserve decrease by $0.5m?

wilslm

Excellent, thanks.