AmerisourceBergen is an American drug wholesale company. The company uses the LIFO inventory method for external reporting but maintains its internal records using FIFO. The following information was included in a recent annual report: Inventories are comprised of the following ($ in millions): 30, Inventories (under FIFO) Less: LIFO reserve Inventories (under LIFO) September September 2017 30, 2016 $14,728 $29,456 (1,725) (1,936) $13,003 $27,520 The company's income statements reported cost of goods sold of $150,398 million for the year ended September 30, 2017. Required: 1. Prepare the September 30, 2017, adjusting entry to record the cost of goods sold adjustment. 2. If AmerisourceBergen had used FIFO to report its inventories, what would cost of goods sold have been for the quarter ended September 30, 2017? Required 1 Required 2 Assume that AmerisourceBergen adjusts the LIFO reserve at the end of its quarter. Prepare the September 30, 2017, adjusting entry to record the cost of goods sold adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the cost of goods sold adjustment for the LIFO reserve. Note: Enter debits before credits. Date General Journal Debit Credit September 30, 2017 Record entry clear entry View general journal Required 1 Required 2 If AmerisourceBergen had used FIFO to report its inventories, what would cost of goods sold have been for the quarter ended September 30, 2017? (Enter your answer in millions.) Cost of goods sold million