In times of rising prices, which inventory method gives the greatest cost of goods sold? The ending inventroy will include the oldest purchases and the cost of goods sold will contain the most recent costs. OLIFO O FIFO O Specific Identification Average Cost QUESTION 2 Which inventory method is usually used when you have a small inventory of explensive unique items? O LIFO O FIFO O Specific Identification O Average Cost QUESTION 3 What inventory method involves counting inventory on a daily basis? O perpetual retail physical O periodic