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Top Radios Inc. provided the following data regarding its radio purchases and sales over last year. January 1 Beginning inventory of 1,000 radios at a

Top Radios Inc. provided the following data regarding its radio purchases and sales over last year.

January 1 Beginning inventory of 1,000 radios at a cost of $300 each
March 1 Purchase of 1,000 radios at a cost of $320 each
July 1 Purchase of 500 radios at a cost of $325 each
December 31 Ending inventory of 1,200 radios

The COGS for Top Radios Inc. was:

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a. Higher under LIFO than using the weightedaverage cost method.

b. Higher using the weightedaverage cost method than under LIFO.

c. Higher under FIFO than using LIFO.

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