Which of the Following Statements Is Correct with Respect to Inventories

Which of the following statements is correct with respect to inventories?

A) The FIFO method assumes that the costs of the earliest goods acquired are the last to be sold.
B) It is generally good business management to sell the most recently acquired goods first.
C) Under FIFO, the ending inventory is based on the latest units purchased.
D) FIFO seldom coincides with the actual physical flow of inventory.