Please answer question below.

In times of falling prices, choosing LIFO over FIFO as an inventory cost method would affect the financial statements as follows: Select one: A. Cost of goods sold will be higher and ending inventory will be lower O B. Cost of goods sold will be lower and ending inventory will be lower O C. Cost of goods sold will be higher and ending inventory will be higher D. Cost of goods sold will be lower and ending inventory will be higher O E. None of the above