Brief Exercise 8-12 (Static) Supplemental LIFO reserve disclosures; Walgreens [LO8-6] Walgreens Boots Alliance, Inc., reported inventories of $8,899 million and $8,956 million in its August 31, 2017, and August 31, 2016, balance sheets, respectively. Cost of goods sold for the year ended August 31, 2017, was $89,052 million. The company uses primarily the LIFO inventory method. A disclosure note reported that if FIFO had been used instead of LIFO, inventory would have been higher by $3,000 million and $2,800 million at the end of the August 31, 2017, and August 31, 2016, periods, respectively. Calculate cost of goods sold for the year ended August 31, 2017, assuming Walgreens used FIFO instead of LIFO. (Enter your answer in millions.) Cost of goods sold million