29. Mustard Seed LLC recently purchased inventory for $100 million and spent $5 million on off-site storage prior to selling the goods to customers? Mustard Seed charged $ to cost of goods sold in respect of this inventory. 30. Like many technology companies, Cinnamon Corp. operates in an environment of steadily declining prices. It's reported profits will tend to be highest if it accounts for inventory using: a. FIFO b. LIFO c. Weighted Average Cost d. Specific Identification