Which of the following statements about the FIFO cost formula is true? O a. Companies prefer to use FIFO because it lowers their tax liabili O b. In times of rising prices FIFO will produce a higher net income O c. In time of rising prices FIFO produces an inventory cost per uni sold O d. The same costs per unit are assigned to the ending inventory a Which of the following intangibles would be capitalized? O a research O b. internally developed patent. O c. advertising O d. goodwill acquired in a purchase