In an Inflationary Economic Environment, the Selling Price Set for a Firm's

Multiple Choice

In an inflationary economic environment, the selling price set for a firm's products will:

A) not be affected by the cost flow assumption used.
B) be higher if LIFO is used than if FIFO is used.
C) be higher if FIFO is used than if LIFO is used.
D) be derived from the weighted average cost of inventory.