When when the cost of buying an item of inventory from A supplier is steadily increasing or Steadily decreasing it is possible to make some generalization as to what will be the effects on cost of goods sold given the use of any particular cost flow assumption. In periods of rising prices which of the following statements is true?

A Lifo will assign lower inventory cost to cost of goods sold than will fifo, and lifo will assign lower inventory cost of the ending inventory thann will fifo

B lifo will assign lower inventory cost to cost of goods sold than willfifo, and lifo will assign higher inventory cost to the ending inventory than will fifo.

C lifo will assign higher inventory cost to cost of goods sold then will fifo, and lifo will assign lower inventory costs to the ending inventory then will fifo

D lifo will assign higher inventory cost to cost of goods sold then will fifo, and lifo will assign higher inventory cost of the ending inventory than will fifo.

Enone of the above