The following note was contained in a recent Taylor Brothers Motor Company annual report: NOTE 8. INVENTORIES-AUTOMOTIVE SECTOR Inventories at December 31 were as follows (dollars in millions) Current Year $ 3,076 6,583 9,659 (1.290) $8,369 Previous Year $ 4,480 6,931 11,411 751 10,660 Raw material, work in process, & supplies Finished products Total inventories at FIFO Less LIFO Adjustment Total About one-third of inventories were determined under the last-in, first-out method Required 1. What amount of ending inventory would have been reported in the current year if Taylor Brothers Motor Company had used only FIFO? (Enter your answer in millions.) Reported ending inventory million 2. The cost of goods sold reported by Taylor Brothers Motor Company for the current year was $127,129 million. Determine the cost of goods sold that would have been reported if Taylor Brothers Motor Company had used only FIFO for both years. (Enter your answer in millions.) Cost of goods sold million