The Coca-Cola Company, a global leader in the beverage industry, has provided the following inventory data for the fiscal year ending December 31, 2023:

Company Name	Beginning Inventory ($)	Purchases ($)	Ending Inventory ($)
The Coca-Cola Company	$2,500,000	$3,000,000	$2,000,000

Utilizing this data, calculate the cost of goods sold for The Coca-Cola Company. Additionally, discuss the implications of inventory valuation methods such as FIFO (First In, First Out) and LIFO (Last In, First Out) on the company's financial statements and tax obligations.