Because LIFO Uses Older Costs for Inventory,in Times of Rising

Multiple Choice

Because LIFO uses older costs for inventory,in times of rising units costs:

A) LIFO results in a higher book value of inventory and lower inventory turnover ratio than FIFO.
B) LIFO results in a lower book value of inventory and lower inventory turnover ratio than FIFO.
C) LIFO results in a higher book value of inventory and higher inventory turnover ratio than FIFO.
D) LIFO results in a lower book value of inventory and higher inventory turnover ratio than FIFO.