When comparing the weighted average and FIFO inventory cost formulas during a period of rising inventory unit costs, which of the following statements is correct? Select one: a. The method used will not change either profit or ending inventory. O b. FIFO will result in a higher reported profit on the income statement. O c. Weighted average will result in a higher reported profit on the income statement. d. Weighted average will result in a higher cash flow. O e. FIFO will result in a lower inventory amount ($) on the balance sheet