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The 2013 financial statements of Walgreen Co. reported the following information (in millions). Cost of sales 2103 $51,098 2012 $51,291 Inventories, net 20136,852 2012 7,036
The 2013 financial statements of Walgreen Co. reported the following information (in millions).
Cost of sales
2103 $51,098
2012 $51,291
Inventories, net
20136,852
2012 7,036
LIFO reserve
20132,100
20121,897
If Walgreen's had used the FIFO method of inventory costing, 2013 inventory would have been?
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
