Listed below are eight technical accounting terms introduced in this chapter. Retail method Gross profit method Flow assumption FIFO method LIFO method Average-cost method Lower-of-cost-or-market Specific identification Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the term described, or answer "None" if the statement does not correctly describe any of the terms. a. A pattern of transferring unit costs from the Inventory account to the Cost of Goods Sold that may (or may not) parallel the physical flow of merchandise. b. The only flow assumption in which all units of merchandise are assigned the same per-unit cost. c. The method used to record the cost of goods sold when each unit in the inventory is unique. d. The most conservative of the flow assumptions during a period of sustained inflation. e. The flow assumption that provides the most current valuation of inventory in the balance sheet. f. A technique for estimating the cost of goods sold and the ending inventory that is based on the relationship between cost and sales price during the current accounting period.