Question: Using the first in, first out (FIFO) system for pricing stock issues means that, when prices are rising: A. product costs are understated and profits

Using the first in, first out (FIFO) system for pricing stock issues means that, when prices are rising:
A. product costs are understated and profits understated
B. A. product costs are overstated and profits understated
C. product costs are understated and profits overstated
D. product costs are kept in line with price changes

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