FIFO, AVCO and LIFO Are Inventory Cost Flow Valuation Methods

FIFO, AVCO and LIFO are inventory cost flow valuation methods. Which of the following statements is correct?

A) Average cost is recalculated following every issue and receipt of inventory.
B) When prices are rising FIFO produces the highest profit figure of the three methods.
C) When prices are rising LIFO produces the highest profit figure of the three methods.
D) The LIFO method is permissible under IAS 2.