Match each description to the appropriate cost flow assumption (a-c). a. FIFO b. LIFO c. Weighted average 5. Produces the same cost of merchandise sold under both the periodic and the perpetual inventory system 6. Rarely used with a perpetual inventory system 7. Produces results that are similar to the specific identification method 8. Widely used for tax purposes 9. Never results in either the highest or lowest possible net income 10. Produces the highest gross profit when costs are decreasing 11. Produces the highest ending inventory when costs are increasing 12. Assigns the same value to all inventory units 13. Prohibited under International Financial Reporting Standards (IFRS) 14. Does not follow the physical flow of goods in most cases 15. Cost of the latest purchases are assigned to ending inventory