because will 2. Will a change in inventory method increase a company net income on its financial statements? 3. When is inventory not valued at cost? Cost of Goods SoldEnding Inventory Net IncomeLIFO, when prices are risingHighest, Lowest, or no effectH, L, or NOH, L, or NOFIFO, when prices are falling ^^Weighted average, when prices are rising^^LIFO, when prices are falling^MAFIFO, when prices are rising ^^Weighted average, when prices are falling^