Which of the Following Is False Regarding the FIFO Inventory

Multiple Choice

Which of the following is false regarding the FIFO inventory method?

A) FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.
B) A company can choose to account for the flow of inventory using the FIFO method even if this doesn't match the actual flow of its inventory.
C) Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.
D) All of the other answer choices are true.