A$.$ During periods of rising prices the FIFO inventory costing method will have a lower ending inventory than the LIFO inventory costing method.

B$.$ Cost of Goods Sold is updated each time a sale of merchandise occurs.

C$.$ The weighted average cost inventory costing method assigns a higher cost per unit to cost of goods solc than to items remaining in inventory.

D$.$ Loss is debited at the end of the accounting period to adjust for the difference in the general ledger balance of inventory and the actual physical count of inventory.

E$.$ None of the above statements are true.