【单选题】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
【单选题】When counting inventory, a manager discovered that there were four radios missing. Each radio cost $12.00. Which of the following journal entries is correct when making the inventory adjustment?