Which of the following is most likely to be true about the inventory?

Select one:

a$.$ U$.$S$.$ GAAP permit the last$-$in$-$first$-$out $($LIFO$)$ method; IFRS does not

b$.$ IFRS permit the last$-$in$-$first$-$out $($LIFO$)$ method; U$.$S$.$ GAAP does not

c$.$ Both IFRS and U$.$S$.$ GAAP permit reversals of prior write$-$downs

d$.$ U$.$S$.$ GAAP pEfromit reversals of prior write$-$downs; IFRS does not