The Traditional LIFO Approach Which Tends to Emphasize Specific Goods

The traditional LIFO approach which tends to emphasize specific goods in costing LIFO inventories is often unrealistic because

A) it does not result in a proper matching of costs and revenues in a particular period.
B) cash flows are often distorted and can be delayed for one or two subsequent periods.
C) future price declines will adversely affect the ability to accurately report future earnings.
D) erosion of the LIFO inventory can easily occur which often leads to distortions of net income and large tax payments.