Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) the periodic method of accounting for inventory will always result in a higher closing inventory balance than the perpetual method;
B) the periodic method of accounting for inventory will always result in a lower closing inventory balance than the perpetual method;
C) closing inventory will always be the same under the periodic and perpetual methods;
D) the relationship between the closing inventory balance under the periodic and perpetual methods will depend on whether the FIFO or weighted average method is used to value inventory.