Listed below are several terms and phrases associated with inventory measurement. Pair each item from List A with the item from List B (by letter) that is most appropriately associated with it. (Select appropraite item from the list.) Items Descriptions a. Legal title passes when goods are delivered to common carrier b. Goods are transferred to another company but title remains with transferor. c. Purchases are recorded for the full cost of inventory d. LIFO is used for taxes, it must be used for financial reporting. e. Assumes items sold are those acquired first. 1. Assumes items sold are those acquired last. 9. Purchase discounts are recorded for the full cost of inventory less any possible discount n. Used to convert ending inventory at year-end cost to base yoar cost. 1. Continuously records changes in inventory 1. Assumes items sold come from a mixture of goods acquired during the period. k. Legal title passes when goods arrive at location. Adjusts inventory at the end of the period. Pair each item from list A with the item from List B (by letter): List A List B 1. Perpetual inventory system i. 2. Periodic inventory system I. 3. F.o.b shipping point a. 4. Gross method C. 5. Net method g. 6. Cost index h. 7. F.o.b destination k. 8. FIFO e. 9. LIFO 10. Consignment b. 11. Average cost 12. IRS conformity rule d. f. j