(1)The next questions are regarding the information as follows: January 03, 2019: Purchased 1,000 widgets at $10.00/unit January 06, 2019: Purchased 200 widgets at $11.00/unit January 09, 2019: Purchased 400 widgets at $12.00/unit January 15, 2019: Sold 800 units of goods at $16.00/unit January 18, 2019: Sold 500 units of goods at $17.00/unit January 21, 2019: Purchased 200 widgets at $15.00/unit January 27, 2019: Sold 300 units of goods at $20.00/unit The Cost of Goods Purchased in LIFO is higher than in the FIFO method True O False