![](https://cos-cdn.shuashuati.com/pipixue-wap/2020-1230-1107-56/ti_inject-812ce.png)
In times of rising prices, the FIFO method of inventory valuation, when compared with the average cost method of inventory valuation, will usually produce which of the following?
A.
A higher profit and a lower closing inventory value
B.
A higher profit and a higher closing inventory value
C.
A lower profit and a lower closing inventory value
D.
A lower profit and a higher closing inventory value