Inventory cost flow assumptions: Stone Company uses FIFO and Klemp Company uses LIFO. Assume inflation (rising cost to purchase inventory). Which of the following is true when evaluating liquidity and profitability of the two firms? a. Klemp will have a higher cost of goods sold, lower gross profit, and higher ending inventory. b. Stone will have lower cost of goods sold, higher grow profit and lower ending inventory. c. Stone will have lower cost of goods sold, higher gross profit and higher ending inventory. d. Klemp will have lower cost of goods sold, higher gross profit and lower ending inventory cost. e. Stone will have higher cost of good sold, lower gross profit and lower ending inventory