Which of the following statements about the LIFO and FIFO inventory accounting methods is least accurate ()
A. For purposes of inventory analysis, FIFO is preferred over LIFO.
B. FIFO cost of goods sold--LIFO cost of goods sold-change in LIFO reserve.
C. In periods of declining prices, LIFO debt-to-equity ratios are higher than FIFO debt-to-equity ratios.