Current Attempt in Progress Ace Company is a retailer operating in an industry that experiences inflation (rising prices). Ace wants the most realistic net income. Which inventory costing method should Ace consider using? Ace Company is a retailer operating in an industry that experiences inflation (rising prices). Ace wants the most realistic net income. Which inventory costing method should Ace consider using? OLIFO because cost of goods sold represents the latest costs. Specific identification is the most realistic method because it involves the actual costs, O FIFO because cost of goods sold represents the earliest costs. O Average because all inventory costs will then represent an average amount