Which one of the following inventory valuation statements are correct?

a The actual cost of goods sold rarely match the cost of goods sold reported under the FIFO or weighted average methods

b The specific identification method is commonly used in grocery stores .

c The desire to increase profits is a good reason to switch from weighted average to FIFO when valuing inventory

d Specific identification is commonly used to value customized or easily identifiable products

e Well managed businesses try to first sell most recently purchased inventory