Inventories (under FIFO) Less: LIFO reserve Inventories (under LIFO) September September 30, 2017 30, 2016 $13,728 $27,456 (1,575) (1,756) $12,153 $25,700 The company's income statements reported cost of goods sold of $149,398 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? Complete this question by entering your answers in the tabs below. 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 1 Record the cost of goods sold adjustment for the LIFO reserve