Company A is identical to Company B in every regard except that Company A uses FIFO and Company Buses LIFO. In an extended period of rising inventory costs, which of the following is true of Company A compared to Company B? Multiple Choice Company A's gross profit is lower and inventory turnover is lower Company A's gross profit is higher and inventory turnover is higher Company A's gross profit is higher and inventory turnover is lower Company A's gross profit is lower and inventory turnover is higher