16 Match the inventory costing method from the list below that is being described in each situation in letters a-e. In all cases, assume a period of rising prices. FIFO First in, first out LIFO Last in, first out WA Weighted average SI Specific identification _________ a. The method that is used if each inventory item can be matched with a specific purchase and invoice. _________ b. The method that will cause the company to have the lowest income taxes. _________ c. The method that will cause the company to have the lowest cost of goods sold. _________ d. The method that will assign a value to inventory that approximates current cost. _________ e. The method that will tend to smooth out erratic changes in costs