A Moving to another question will save this response. Question 24 a During a period when inventory costs are steadily decreasing, which of the following is true? O a Ending inventory value will be higher under FIFO than under LIFO. O b. Cost of goods sold will be higher under FIFO than under LIFO. Oc. Net income will be higher under FIFO than under LIFO. Od. Income taxes will be lower under LIFO than under FIFO. A Moving to another question will save this response