ABC Company and Tyler Company are two competing firms in a high-tech industry. Due to recent technological advancements, the purchase price for their products has steadily decreased over the last two years. The inventory reported in ABC Companys balance sheet is close to the current cost of inventory, whereas Tyler's inventory is considerably above its current cost.

Which of the following statements are true?

	A.	ABC Company is using LIFO because its ending inventory is close to current cost.
	B.	Tyler Company is using LIFO because its net income is lower.
	C.	ABC Company is using FIFO because its Cost of Goods Sold is higher.
	D.	Tyler Company is using FIFO because its ending inventory is considerably above its current cost.