Assume for simplicity that Company A has beginning inventory = 0, and ending inventory > 0 at year end. Also assume that Company A is facing a period of rapidly rising input prices over the year. If Company A uses LIFO instead of FIFO, indicate all of the statements below that would be true in this rising input cost scenario. I will abbreviate cost of goods sold as COGS. The symbol > (<) denotes greater than (less than). That is a>b => a is greater than b.

COGS under LIFO < COGS under FIFO.

Ending Inventory under LIFO > Ending Inventory under FIFO

Ending Inventory under LIFO < Ending Inventory under FIFO

COGS under LIFO > COGS under FIFO.