When Inventory Prices Are Rising,all of the Following Are Reasons

Multiple Choice

When inventory prices are rising,all of the following are reasons for choosing the LIFO method versus the FIFO method except:

A) LIFO generally results in lower income taxes paid.
B) LIFO uses more current costs in calculating cost of goods sold.
C) LIFO permits management to influence income by the timing of inventory purchases.
D) LIFO reports the most up-to-date inventory values on the balance sheet.
E) None of the above is correct.