Which statement is$$ true?

Question content area bottom

Part $1$

A$.$

When prices are$$ rising, the inventory method that results in the lowest ending inventory value is FIFO.

B$.$

The application of inventory valuation rule may result in a lower inventory value than the cost of inventory.

C$.$

The inventory method that best matches current expense with current revenue is FIFO.

D$.$

An error overstating ending inventory in $2010$ will understate $2010$ net income.