During periods of rising prices and stable or growing inventories, the most informative inventory accounting method for income statement purposes is: （）
A. FIFO because it allocates historical prices to cost of good sold (COGS) and provides a better measure of current income.
B. LIFO because it allocates historical prices to cost of good sold (COGS) and provides a better measure of current income.
C. LIFO because it allocates current prices to cost of good sold (COGS) and provides a better measure of current income.
参考答案：C
解析：
LIFO is the most informative inventory accounting method for income statement purposes in periods of rising prices and stable or growing inventories. It allocates the most recent purchase prices to COGS, and thus provides a better measure of current income and future profitability.