Which method of depreciation is used by most U. S. companies for financial reporting purposes? 5 Multiple Choice None of these answer choices are correct Units-of-production Double-declining-balance Straight-line If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold? 7 Multiple Choice 00:20:37 Weighted average FIFO LIFO, FIFO, and weighted average will all produce equal amounts. LIFO