When Inventory Prices Are Rising,the Ending Inventory Balance Reported on a LIFO

Multiple Choice

When inventory prices are rising,the ending inventory balance reported on a LIFO basis is generally

A) lower than on a FIFO basis.
B) equal to a FIFO basis.
C) greater than on a FIFO basis.
D) equal to a weighted-average basis.
E) greater than a weighted-average basis.