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. > neither LIFO - When inventory costs are rising, this method yields the highest sales revenue. When inventory costs are declining, this method yields the highest cost of ending inventory When inventory costs are rising, this method yields the highest cost of goods sold When inventory costs are rising, this method yields the highest gross profit When inventory costs are declining, this method yields the highest income tax expense. LIFO . FIFO . FIFO