In time of rising prices, ending inventory determined using the lifo inventory assumption will be than ending inventory determined using the fifo inventory assumption.

LOWER

Explanation:

In time of rising prices, the inventory valuation made according to LIFO ( LAST IN FIRST OUT )  will be LOWER than the one valued according to FIFO ( FIRST IN FIRST OUT ) method.

The reason is that in LIFO, the newer stock is sold first, therefore, the remaining inventory is valued according to older purchases, that in inflationary context have lower prices.

answer; competency based pay;

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;