Solution-Find the cost of goods sold for the year ended

Find the cost of goods sold for the year ended August

Reference no: EM132607657

Question - Walgreens Boots Alliance, Inc. reported inventories of $2,340 million and $2,482 million in its August 31, 2015, and August 31, 2014, balance sheets, respectively. Cost of goods sold for the year ended August 31, 2015, was $30,804 million. The company uses primarily the LIFO inventory method. A disclosure note reported that if FIFO had been used instead of LIFO, inventory would have been higher by $310 million and $278 million at the end of the August 31, 2015, and August 31, 2014, periods, respectively.

Find the cost of goods sold for the year ended August 31, 2015, assuming Walgreens used FIFO instead of LIFO.

Reference no: EM132607657

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Find the cost of goods sold for the year ended August : Find the cost of goods sold for the year ended August 31, 2015, assuming Walgreens used FIFO instead of LIFO

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Find the cost of goods sold for the year ended August

Reference no: EM132607657

Reference no: EM132607657

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