During inflationary prices,

Question 8 options:

a)	FIFO will report the lowest value for Cost of Goods Sold.

b)	LIFO will report the lowest value for Cost of Goods Sold.

c)	Average Cost will report the highest value for Cost of Goods Sold.

d)	FIFO will report the lowest value for Ending Inventory.

e)	LFIO will report the highest value for Ending Inventory.