183. _____ Cost flow assumption that assumes last units purchased are sold first. 06_178 Reference: 06_183 Listed below are ten terms followed by a list of phrases that describe or...

183. _____ Cost flow assumption that assumes last units purchased are sold first.

06_178

Reference: 06_183

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms. Match each phrase with the best term placing the letter designating the term in the space provided.

Terms:

a. Ending inventory

b. Freight-in

c. Cost of goods sold

d. LIFO conformity rule

e. LIFO

f. Freight-out

g. LIFO reserve

h. Specific identification

i. FIFO

j. Average cost

184. _____ Cost of inventory not sold by the end of the period.

06_183

185. _____ Cost flow assumption that assumes first units purchased are sold first.

06_183