13 (2 points) In times of rising prices, the valuation of inventory using FIFO method, as opposed to the Weighted Average Cost method, will result in which ONE of the following combinations? 1 2 3 4 OOOO Cost of Goods Sold Lower Lower Higher Higher ro C a b C d 1 2 3 4 st Profit Higher Higher Lower Higher Closing inventory Higher Lower Higher Lower

In times of rising prices, the valuation of imventory using AFO mechod, as cpposed to the Weighted Average Cost method, wall result in which ONE of the following cocnbiriations? \\begin{tabular}{|ll} \\hline\\( a \\) & 1 \\\\ \\( b \\) & 2 \\\\ c & 3 \\\\ d & 4 \\end{tabular}