Blue Company reported the following information in its financial statements.

	Blue Company (FIFO)
$millions	Sales	COGS	Inventories
2021	$60,000	$45,000	$15,000
2020	52,000	36,000	13,000

The LIFO reserve for Blue Company is $2,760 at the end of 2020 and $2,500 at the end of 2021. What is the 2021 gross profit for Blue Company, assuming Blue Company had used LIFO?

Select one:

a. $15,000

b. $14,260

c. $14,740

d. $15,260

e. $15,740