Required: Choose the method of inventory valuation that corresponds to each of the statements that follow: 1. FIFO 2. Weighted average 3. Specific identification _____Matches actual flow of goods with actual flow of costs in most cases _____Matches old costs with new sales prices _____Results in the lowest net income in periods of falling prices ______Does not assume any particular flow of goods ______Best suited for situations in which inventory consists of perishable goods _____Values ending inventory at approximate replacement cost