For a Firm Using LIFO,the Numerator of the Inventory Turnover

Multiple Choice

For a firm using LIFO,the numerator of the inventory turnover ratio is predominantly current period costs

A) and the denominator consists of old LIFO costs.
B) thus it must be adjusted to conform to the old LIFO costs in the denominator.
C) thus the denominator must be adjusted by adding the LIFO reserve to ending inventory.
D) thus the denominator must be adjusted by subtracting the LIFO reserve from both beginning and ending inventory.