Question: 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?

 When comparing the weighted average and FIFO inventory cost formulas during

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: O a. FIFO will result in a higher cash flow O b. Weighted average will result in a higher ending inventory ($) on the balance sheet Oc. The method used will not change either profit or ending inventory O d. FIFO will result in a lower reported profit O e. Weighted average will result in a lower reported profit

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