Which of the Following Statements About the Use of the LIFO

Which of the following statements about the use of the LIFO assumption is true?

A) The LIFO assumption fails to match revenues with expenses as well as FIFO.
B) The LIFO assumption assigns older costs to the cost of goods sold expense account.
C) The LIFO assumption produces inventory asset values that are close to current costs.
D) The LIFO assumption produces a lower inventory asset value and the highest cost of goods sold.