wydd , you can go back to answer an unanswered question or to change an answer. Good luck! Question 10 1.47 pts Which of the following statements is correct when inventory unit costs are decreasing? FIFO's gross profit will be the highest among the inventory costing methods. Inventory turnover will be the largest when the LIFO inventory method is used. Inventory turnover will be the greatest when the average cost inventory method is used. Use of the LIFO method will result in higher cash flows due to a decreased cost of goods sold