Assertion (A): Increasing the value of closing inventory increases profit.
Reason (R): Increasing the value of closing inventory reduces the cost of goods sold
In the context of the above two statements, which of the following is correct?

A. Both (A) and (R) are correct

B. Only (A) is correct

C. Only (R) is correct

D. Both (A) and (R) are incorrect

Answer: Option A