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18. The financial statements of Walgreen Co., which uses LIFO, reported the following information (in millions). 2018 Cost of sales Inventories, net LIFO reserve 2017
18. The financial statements of Walgreen Co., which uses LIFO, reported the following information (in millions). 2018 Cost of sales Inventories, net LIFO reserve 2017 $51,098 $50,900 7,036 1,897 6,852 2,100 If Walgreen's had used the FIFO method of inventory costing in 2018, COGS would have been. A) $48,998 million B) $51,301 million C) $53,198 million D) $50,895 million E) None of the above
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