Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) When unit costs are steadily rising or falling,the weighted average cost method yields a cost of goods sold between that of FIFO and LIFO.
B) FIFO will lead to the highest net income if unit costs are falling.
C) LIFO will always yield a smaller net income than FIFO.
D) Specific identification is the most practical,but least accurate,measure of cost and net income.