Which Cost Method Provides the Better (1) Income Statement and (2)

Multiple Choice

Which cost method provides the better (1) income statement and (2) statement of financial position valuations, respectively?

A) (1) average and (2) FIFO
B) (1) FIFO and (2) average
C) (1) FIFO and (2) FIFO
D) (1) average and (2) average