Which of the following statements about the use of the weighted average assumption is true?

Which of the following statements about the use of the weighted average assumption is true?

Select one:

a. the balance sheet figure is between the LIFO and FIFO figures

b. when prices are rising, it shows lower balance sheet figures than the LIFO method

c. when prices are falling, it shows lower balance sheet figures than the FIFO method

d. none of the above