Moving to the next question prevents changes to this answer. Question 1 In a period of rising prices, the costs allocated to ending inventory may be decreased (understated) in the gross profit method. specific identification method Weigted Average Method. FIFO method. Moving to the next question prevents changes to this answer, Moving to the next question prevents changes to this answer. Question 1 In a period of rising prices, the costs allocated to ending inventory may be decreased (understated) in the gross profit method. specific identification method Weigted Average Method. FIFO method. Moving to the next question prevents changes to this