9. The following inventory valuation method is described as items Inventory purchased last are considered sold first. a LIFO periodic b. LIFO perpetual C. FIFO periodic. d. FIFO perpetual e. None of the above 10. In order to purchase and sell the same inventoried item in different quantities, you use: a. Inventory Control Setup. Name, Last Name: b. Inventory Class Setup. c. Unit of Measure Schedules. d. Item Task Checklist. e. None of the above