Question: If inventory costs are rising, which inventory costing methodfirst-in, first-out; last-in, first-out; or average costyields the (a) lowest ending inventory? (b) lowest net income? (c)

If inventory costs are rising, which inventory costing methodfirst-in, first-out; last-in, first-out; or average costyields the

(a) lowest ending inventory?

(b) lowest net income?

(c) largest ending inventory?

(d) largest net income?, assuming the same method is used for tax purposes

Please please please answer all questions

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