Match the following statements (you can use every answer only one time Net Book value Net realizable (cash) value In a period of increasing prices, LIFO In a period of increasing prices, FIFO Periodic inventory system Perpetual inventory system Cost of goods sold is from latest purchases Cost of goods sold is from earliest purchases 3/5 , net 30 5/3 net 30

Match the following statements (you can use every answer only one time) Net Book value Choose Net realizable (cash) value Choose In a period of increasing prices, LIFO Choose In a period of increasing prices, FIFO Choose Periodic inventory system Choose Perpetual inventory system Choose Cost of goods sold is from latest purchases Choose Cost of goods sold is from earliest purchases Choose 3/5, net 30 Choose 5/3, net 30 Choose