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Help: For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average: A)___ would produce the heighest amount of net

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For each of the following situations, fill in the blank with FIFO, LIFO, or weighted average:

A)___ would produce the heighest amount of net income in an inflationary environment.

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 sold in an 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 whether the environments was inflationary or deflationary.

G)_____ would produce the lowest amount of assets in an inflationary environment.

H)____ would produce the highest amount of assets in a deflationary environment.

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