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

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