For each of the following statements, indicate whether the correct answer is FIFO, LIFO, or neither. **Pay special attention to whether prices are rising or declining. When inventory costs are declining, this method yields the highest cost of goods sold. Choose... When inventory costs are rising, this method yields the highest sales revenue. When inventory costs are rising, this method yields the lowest gross profit. When inventory costs are rising, this method yields the highest cost of ending inventory. neither Choose... Choose... When inventory costs are rising, this method yields the highest income tax expense. LIFO