In period of rising prices, the inventory reported in Gumby Company’s balance sheet is close to the current cost of the inventory. Pokey Company’s…

In period of rising prices, the inventory reported in Gumby Company’s balance sheet is close to the current cost of the inventory.  Pokey Company’s inventory is considerably below its current cost.  Identify the inventory cost flow method being used by each company.  Which company has probably been reporting the higher gross profit?