Which of the following statements istruefor a company using the periodic inventory method?

A.During periods of rising prices the FIFO inventory costing method will have a lower ending inventorythan the LIFO inventory costing method.

B.Cost of Goods Sold is updated each time a sale of merchandise occurs.

C.The weighted average cost inventory costing method assigns a higher cost per unit to cost of goods soldthan to items remaining in inventory.

D.Loss is debited at the end of the accounting period to adjust for the difference in the general ledgerbalance of inventory and the actual physical count of inventory.

E.None of the above statements are true.