Question 8 (1 point) One of your federal grants allows you apply for reimbursement of your costs of operations each month. One of your largest costs is food used to provide meals to the poor. You maintain a rather large inventory of food so that you always have enough on hand to serve the needy. Assuming that prices of food items have been increasing over time, which inventory flow assumption would you use in accounting for the use of food items in order to maximize the amount you bill for reimbursement each month? FIFO Specific identification O LIFO Serial identification