Q$2.$ Which of the following inventory valuation methods typically results in the highest reported inventory value during periods of rising prices, potentially leading to higher taxable income?

A$)$ First$-$In$,$ First$-$Out $($FIFO$)$

B$)$ Last$-$In$,$ First$-$Out $($LIFO$)$

C$)$ Weighted Average Cost

D$)$ Specific Identification