Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) Specific identification is the most practical,but least accurate,measure of cost and net income.
B) When unit costs are increasing,the weighted average cost method yields a cost of goods sold between that of FIFO and LIFO.
C) FIFO will lead to the highest net income if unit costs are falling.
D) LIFO will always yield a smaller net income than FIFO.