Which of the following statements is true? Select ALL that are correct

LIFO results in a better match of COGS with Sales Revenue on the income statement.

LIFO results in a more meaningful inventory turnover calculation.

LIFO results in a value for ending inventory that is closest to replacement cost.

When ending inventory quantities fall below beginning inventory quantities and unit costs have been rising over time, the use of LIFO will result in higher net income than the use of FIFO.