In periods of rising prices, what will LIFO produce? Higher net income than average costing Higher net income than FIFO The same net income as FIFO Lower net income than FIFO

In periods of rising prices, what will LIFO produce?
     Higher net income than average costing
     Higher net income than FIFO
     The same net income as FIFO
     Lower net income than FIFO

                                        

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