You are comparing the financial statements of two competitors in the retail business - American Eagle and Abercrombie & Fitch. American Eagle uses the LIFO method of inventory valuation, whereas Abercrombie uses the FIFO method. 4700 pes The following are excerpts from American Eagle's 2020 comparative financial statements: Balance Sheet inventories 12/31/2020 $1,200 12/31/2019 LIFO reserve $1,050 Cost of goods sold 450 300 5.250 4,500 You know that to make comparisons, you must adjust American Eagle numbers to what they would have been had they used FIFO. What adjusted amount should you use to compare American Eagle cost of goods sold to Abercrombie cost of goods sold for the year ending 12/31/2020? a. $5.250 b. $5.100 O c. $5.400 O d. $4.800 O e. $5.700