Which of the following statements is correct in times of decreasing inventory unit prices?

A) Cost of goods sold will be higher under the LIFO than under the FIFO method.

B) Cost of goods sold will be the same under both the FIFO and the LIFO methods.

C) Cost of goods sold will be higher under the FIFO than under the LIFO method.

D) Cost of goods sold will depend on the sales level.