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C. Matching (2 point, 0.25/blank) 1) The following lettered items represent a classification scheme for a multistep income statement. In the blank next to each

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C. Matching (2 point, 0.25/blank) 1) The following lettered items represent a classification scheme for a multistep income statement. In the blank next to each account, write the letter indicating to which category it belongs. (1 point, 0.25/blank) a. Revenues d. General and administrative expenses b. Cost of goods sold e. Other revenues and expenses c. Selling expenses f. Not on income statement i. Dividend Income ii. Cash iii. Interest Income iv. Sales Returns and Allowances 2) Matching-Four methods. (1 point, 0.25/blank) Write the number indicating to which method it belongs. FIFO Method 2. Average-cost Method 3. LIFO Method 4. Specific Identification Method i. An inventory costing method based on the assumption that the costs of the last items purchased should be assigned to the first items sold. ii. An inventory costing method in which the cost of each item in ending inventory is identified as coming from a specific purchase. An inventory costing method based on the assumption that the costs of the first items acquired should be assigned to the first items sold. iv. An inventory costing method in which inventory is priced at the average cost of the goods available for sale during the period

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