Brief Exercise $8-19($Static$)$ LIFO reserve disclosures; Walgreens $[$LO$8-6]$

Walgreens Boots Alliance, Incorporated, reported inventories of $$9,451$ million and $$9,333$ million in its August $31,2020,$ and August $31,$

$2019,$ balance sheets, respectively. Cost of goods sold for the year ended August $31,2020,$ was $$111,520$ 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 $$3,300$ million and $$3,200$ million at the end of the August $31,2020,$ and August $31,2019,$ periods, respectively.

Calculate cost of goods sold for the year ended August $31,2020,$ assuming Walgreens used FIFO instead of LIFO.

Note: Enter your answer in millions.