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Blue Company and Yellow Company reported the following information in their financial statements. Blue Company (FIFO) Yellow Company (LIFO) $millions Sales COGS Inventories Sales COGS

Blue Company and Yellow Company reported the following information in their financial statements.

Blue Company (FIFO) Yellow Company (LIFO) $millions Sales COGS Inventories Sales COGS Inventories 2021 $60,000 $45,000 $15,000 $85,000 $75,000 $30,000 2020 52,000 36,000 13,000 82,000 60,000 27,000

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