A high-end delicatessen shop in downtown Vancouver needs to select an appropriate inventory costing formulas for three inventory items: i) In the dairy section, there are two (3) types of popular organic non-dairy milk at $7 per carton. These cartons are kept for an average of 15 days in the fridge. ii) Gift baskets, each comprising of various imported foods and liquor. Selling price range from $50 to $500. The store keeps max 5 gift baskets of various sizes on the shelves at any given time. ii) An assorted similar small blank greeting cards are displayed on a shelf beside the baskets, these are

Mon-dairy milk cartons : Specific identification or First-in, first-out (FIFO) or Average method

Gift baskets: Specific identification or First-in, first-out (FIFO) or Average method

Greeting cards: Specific identification or First-in, first-out (FIFO) or Average method