Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER Practice Question 21 x In a period of rising prices, cost of goods sold will be less under FIFO than LIFO since the company is selling the older, less costly goods. In a period of rising prices, FIFO will result in TO lower net income than LIFO. O lower net purchases than LIFO. O lower income tax expense than LIFO. O lower cost of goods sold than LIFO. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT SAVE FOR LATE Question Attempts: 2 of 3 used search DLL