If the company changes to the weighted average method of stock valuation, the effect on closing stock value and on profit for the week compared with the FIFO method will be: A. Closing stock value will be higher and gross profit for the week will be higher B. Closing stock value will be higher and gross profit for the week will be lower C. Closing stock value will be lower and gross profit for the week will be higher OD. Closing stock value will be lower and gross profit for the week will be lower