When inventory costs are decreasing, the lifo costing method will generally result in:

a. the same inventory value as fifo.

b. a higher gross profit than under fifo.

c. a lower gross profit than under fifo.

d. a lower inventory value than under fifo?

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When inventory costs are decreasing, the lifo costing method will generally result in:a. the same inventory value as fifo.b. a higher gross profit than under fifo.c. a lower gross profit than under fifo.d. a lower inventory value than under fifo?

When inventory costs are decreasing, the lifo costing method will generally result in:

a. the same inventory value as fifo.

b. a higher gross profit than under fifo.

c. a lower gross profit than under fifo.

d. a lower inventory value than under fifo?