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The 2013 financial statements of Walgreen Co. reported the following information (in millions): Walgreen Co. 2013 2012 Cost of sales $51,098 $51,291 Inventories, net 6,852

The 2013 financial statements of Walgreen Co. reported the following information (in millions):

Walgreen Co.

2013

2012

Cost of sales

$51,098

$51,291

Inventories, net

6,852

7,036

LIFO reserve

2,100

1,897

Convert the above FIFO method to LIFO method and calculate the cost of goods sold for 2013 under LIFO.

PLEASE SHOW WORK!!!!!

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