The $46.25 on January 17 represents the discount taken Mirchase within the discount period LO3 QS 6-9 Contrasting Inventory costing methods Identify the inventory costing method most closely related to each of the following statements, assuming a period when the cost per unit is increasing: a. Current cost of inventory not reflected on income statement b. Results in a balance sheet inventory closest to replacement costs c. Is best when each unit of product has unique features that affect cost QS 6-10 Annlin QS 6-9 Contrasting inventory costing methods LO3 Identify the inventory costing method most closely related to each of the following statements, assuming a period when the cost per unit is increasing: a. Current cost of inventory not reflected on income statement b. Results in a balance sheet inventory closest to replacement costs c. Is best when each unit of product has unique features that affect cost