Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) Valuing inventory under LIFO may produce different results depending on whether a perpetual or periodic inventory system is used.
B) Valuing inventory under the weighted average cost method always produces the same results using either a perpetual or periodic inventory system.
C) Valuing inventory under FIFO may produce different results depending on whether a perpetual or periodic inventory system is used.
D) Using the specific identification method will produce different results depending on whether perpetual or periodic inventory system is used.