Under GAAP, Companies Can Choose Which Inventory System? LIFO $\quad$ $\quad$

Short Answer

Under GAAP, companies can choose which inventory system? LIFO $\quad$$\quad$ FIFO
a. Yes $\quad$$\quad$ No
b. Yes $\quad$$\quad$ Yes
c. No $\quad$$\quad$ Yes
d. No $\quad$$\quad$ No