Sampson Company uses a periodic inventory system and values inventory using the LIFO cost flow assumption. If prices are decreasing over time, LIFO will result in the lowest Cost of Goods Sold during the current period, compared to the other cost flow assumptions. FIFO will result in the highest net income during the current period, compared to the other cost flow assumptions. the LIFO Reserve will be positive. FIFO will result in the highest amount of ending inventory during the current period, compared to the other cost flow assumptions