During periods of rising prices and stable or growing inventories, the most informative inventory accounting method for income statement purposes is: ()
A. FIFO because it allocates historical prices to cost of good sold (COGS) and provides a better measure of current income.
B. LIFO because it allocates historical prices to cost of good sold (COGS) and provides a better measure of current income.
C. LIFO because it allocates current prices to cost of good sold (COGS) and provides a better measure of current income.