D Question 14 1 pts XYZ Company, which started a business at the beginning of Year 1, selected the FIFO method of inventory costing. For profits to be maximized for Year 1 under this method, what must purchase prices be doing? decreasing for the first part of the year; increasing for the rest of the year remaining stable throughout the year O increasing throughout the year decreasing throughout the year Parlato Corp. has an inventory turnover rate of eight times. If its cost of goods sold is $150,000, what will happen? O The company will have sales of $1,200,000. The company will have average inventory of $18,750. The company will sell its inventory 1,200 times per year. O The company will have gross margin of $1,200,000