Question: Match each statement below with the appropriate inventory costing method. 1. This inventory costing method shows cost of goods sold on the income statement at

Match each statement below with the appropriate inventory costing method.

1. This inventory costing method shows cost of goods sold on the income statement at the most current inventory costs during a period of deflation

2. This inventory costing method results in the highest amount of income tax expense reported on the income statement during a period of deflation

3. This inventory costing method results in the highest amount paid to purchase inventory during a period of inflation

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