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For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average: a. ___would produce the highest amount of net income

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For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average: a. ___would produce the highest amount of net income in an inflationary b. ___would produce the highest amount of assets in an inflationary environment c.___ would produce the lowest amount of net income in a deflationary environment d. ___would produce the same unit cost for assets and cost of goods inflationary environment. e ___would produce the lowest amount of net income in an inflationary environment. f. ___would produce an asset value that was the same regardless of environment was inflationary or deflationary. g. ___would produce the lowest amount of assets in an inflationary h. ___would produce the highest amount of assets in a deflationary

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