If a company uses a FIFO cost flow assumption, will it report the same cost of goods sold using the periodic inventory method that it reports using the perpetual method? Why or why not? O A. No. The periodic and perpetual inventory methods will always produce a different cost of goods sold, regardless of the cost flow assumption used. OB. No. Under FIFO the oldest costs are assigned to the cost of goods sold last, so cost of goods sold will be higher when the costs are assigned at year end. OC. Yes. Under FIFO the oldest costs are assigned to the cost of goods sold first, so the same cost of goods sold arises whether the costs are assigned at year end or as the sales occur. OD. Yes. Under FIFO the most recent costs are assigned to the cost of goods sold first, so the same cost of goods sold arises whether the costs are assigned at year end or as the sales occur