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Requirements: Financial Statements and Supplementary Data. 2. Respond to the following questions: 2. On the Consolidated Statement of Operations (Income Statement), how much does each

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Requirements: Financial Statements and Supplementary Data". 2. Respond to the following questions: 2. On the Consolidated Statement of Operations (Income Statement), how much does each company report in "Cost of Sales" in 2021 ? account for inventory (FIFO, LIFO, weighted-average, etc.)? classmates 1. How do the differing inventory methods impact the financial statements? 2. What are the advantages and disadvantages of the method chosen by each company

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