Assuming rising prices, which method will give the highest dollar value for cost of goods sold on the income statement? FIFO Average Cost LIFO All of these gives equal value for cost of goods sold QUESTION 2 The following data refer to Brompton Company's ending inventory: What is the ending inventory balance if the lower of cost or net realizable value rule is applied to each item of inventory? $248,050$246,050$253,250$252,850