Select the INCORRECT statement about inventory cost flow systems assuming a period of rising costs and prices. a$.$ In periods of rising costs, LIFO inventories can be markedly lower than under FIFO.O b$.$ Under LIFO, ending inventory values closely approximate the inventory's current replacement cost.O c$.$ FIFO has the lowest COGS and highest Gross profit because FIFO matches older, lower$-$cost inventory against current selling prices.