Question 1 The four acceptable inventory costing methods are: LIFO, Weighted average cost, FIFO, and COGS LIFO, FIFO, WIFO and TIVO Specific identification, COGS, Weighted average cost, and SR&A Weighted average cost, specific identification, FIFO, and LIFO Question 2 On which financial statement would a company's ending inventory be presented? Statement of retained earnings Statement of cash flows Income statement Balance sheet