Use the following hypothetical data for Walgreens in 2014 and 2015 to project revenues, cost of goods sold, and inventory for Year +1. Assume that Walgreens's Year +1 revenue growth rate, gross profit margin growth rate, and inventory turnover will be identical to 2015. Project the average inventory balance in Year +1 and use it to compute the implied ending inventory balance.

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Walgreens (data in millions) 2014 2015 Sales revenues Cost of goods sold Ending inventory $76,392 $54,823 $103,444 $ 76,520 $ 8,678 $ 6,076