Conversion from LIFO to FIFO. United States Steel Corporation reported inventories using LIFO of SI. 030 million at the beginning of Year 13. and $1,283 million at the end of Year 13.

Its cost of goods sold for Year 13 totaled $8,469 million. Inventories on a FIFO basis would exceed its inventories on a LIFO basis by $310 million at the beginning of the year and $270 million at the end of the year. Compute the amount for cost of goods sold if the firm had used a FIFO instead of a LIFO cost flow assumption.