Using Either the FIFO and LIFO Cost Flow Assumption Will

Multiple Choice

Using either the FIFO and LIFO cost flow assumption will result in the same cost of goods sold when

A) the number of units in beginning and ending inventory are the same.
B) two consecutive years are combined.
C) the prices of the goods do not change.
D) lower-of-cost-or-market is applied.
E) none of the above