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Inventories are comprised of the following ( $ in millions) The company's income statements reported cost of goods sold of $148,798 million for the year

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Inventories are comprised of the following ( $ in millions) The company's income statements reported cost of goods sold of $148,798 million for the year ended September 30,2019 Required: 1. Prepare the September 30.2019, adjusting entry to record the cost of goods sold adjustment 2. If AnsgarPharm had used FIFO to report its inventories, what would cost of goods sold have been for the year ended Septemb 30,2019 ? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If Ansgarpharm had used fIFO to report its inventories, what would cost of goods sold have been for the year ended September 30, 2019? Note: Enter your answer in milions

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