The Cheesecake Factory Incorporated $($NASDAQ: CAKE$)$ operates over $200$ restaurants and two bakeries in the

United States. In its two bakeries, it bakes and prepares more than $70$ desserts, both for its own use in its restaurants

and for sale to a wide variety of wholesalers and retailers. The Cheesecake Factory's inventories consist of restaurant

food and supplies, bakery raw materials, and bakery finished goods. To account for its inventory, the company uses

the average$-$cost method at its restaurants and the FIFO method at its bakeries. The Cheesecake Factory Incorporated's

financial statements from its $2019$ Form $10-K$ are as follows:

$($Click the icon to view the balance sheet.$)($Click the icon to view the income statement.$)$

Which of the following is not true of the FIFO inventory method?

A$.$ When costs are decreasing, FIFO results in the highest ending inventory.

B$.$ The first costs into inventory are the first costs assigned to COGS.

C$.$ The cost of ending inventory is based on the latest costs incurred.

D$.$ When costs are increasing, FIFO results in the lowest COGS.