Lott Co. had one unit in beginning inventory that cost $5. Lott paid cash to purchase two additional inventory items. The first item was purchased at a cost $6, and the second cost $7. Lott Co. sold two inventory items for $10 each, receiving cash. Based on this information alone, indicate whether the following statement is true or false. Cash flow from operating activities would be $7 assuming a LIFO cost flow was used. True False