Question: 1:59 (1) & The materials inventory account, using LIFO, FIFO, and moving average, would have had the following ending balances: a. Assuming the same number

$1:59 (1) \& The materials inventory account, using LIFO, FIFO, and$

1:59 (1) \& The materials inventory account, using LIFO, FIFO, and moving average, would have had the following ending balances: a. Assuming the same number of units in ending inventory at the end of each year, were material costs rising or falling from 2011 to 2013 ? b. Which costing method would show the highest net income for 2011 ? c. Which method would show the lowest net income for 2013 ? d. Which method would show the highest net income for the three years combined

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