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The financial statements of Walgreen Co. reported the following information in millions). Cost of sales Inventories, net LIFO reserve 2018 $51,098 6,852 2,100 2017 $51,291
The financial statements of Walgreen Co. reported the following information in millions). Cost of sales Inventories, net LIFO reserve 2018 $51,098 6,852 2,100 2017 $51,291 7,036 1,897 If Walgreen's had used the FIFO method of inventory costing instead of LIFO, 2018 inventory would have been: A) $6,852 million B) $8,952 million C) $4,752 million D) $7,055 million E) None of the above 22. The financial statements of Walgreen Co. reported the following information (in millions). Cost of sales Inventories, net LIFO reserve 2018 $51,098 6,852 2,100 2017 $51,291 7,036 1,897 If Walgreen's had used the FIFO method of inventory costing instead of LIFO, 2018 COGS would have been: A) $48,998million B) $51,301million C) $53,198million D) $50,895million E) None of the above 23. The financial statements for Leggett & Platt, Inc., report the following information: Year ended December 31, 2018 2017 (In millions) Depreciation expense $ 90.1 $90.4 Property and equipment, net 574.6 572.8 Land 44.5 Accumulated depreciation 1,266.6 1,237.4 45.3 Which of the following estimates the percent-used-up of the property and equipment's at December 31, 2018? A) 69% B) 45% C) 16% D) 42% E) None of the above
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