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