Match the cost flow assumption on the left with its definition on the right.

Instructions

FIFO

FIFO drop zone empty.

LIFO

LIFO drop zone empty.

Weighted Average

Weighted Average drop zone empty.

Specific Identification

Specific Identification drop zone empty.

Assumes costs flow in the reverse order incurred

Assumes costs flow can be specifically matched with the physical flow of items

Assumes costs flow in the order incurred

Assumes costs flow at an average of the costs available