Required For each of the following situations, Indicate whether FIFO, LIFO, or weighted average applies: Answer is complete but not entirely correct. a. In a period of falling prices, net income would be highest. b. In a period of falling prices, the unit cost of goods would be the same for ending inventory and cost of goods sold. c. In a period of rising prices, net income would be highest. d. In a period of rising prices, cost of goods sold would be highest. e. In a period of rising prices, ending inventory would be highest. Weighted average FIFO LIFO FIFO Weighted average