Which inventory cost flow method assigns the cost of the most recent items purchased to cost of goods sold? A. FIFO B. LFO C. Specific Identification D. Weighted average cost The matching principle A. Requires that expenses be recorded in the same period as the revenue that they heiped generate B. All 3 answers are correct. C. Is the reason behind recording depreciation expense over the life of a bullding D. Is the reason behind recording bad debt expense based on estimated amounts father than waiting until amounts are known with certainty