methods, including FIFO and LIFO. If inventory costs have been steadily increasing for years, what would you expect to be a true statement:

a$.$ A company using LIFO would pay lower taxes than if it used FIFO

b$.$ A company using LIFO would report lower ending inventory than if it used FIFO

c$.$ A company using LIFO would report lower cost of goods sold than if it used FIFO

d$.$ A company using LIFO would report a higher quick ratio than if it used FIFO