MATCHING Match the items below by entering the appropriate code letter in the space provided. A. Merchandise Inventory F. First-in, first-out (FIFO) method B. Work in process G. Last-in, first-out (LIFO) method C. FOB shipping point H. Average-cost method D. FOB destination I. Inventory turnover E. Specific identification method J. Current replacement cost ___Cost of goods sold consists of the most recent inventory purchases. ___Cost that inventory amount on books is compared to in computing lower of cost or market. ___Ending inventory valuation consists of the most recent inventory purchases. ___Goods ready for sale to customers by retailers and wholesalers. ___Goods that are only partially completed in a manufacturing company. ___Measures the number of times the inventory sold during the period. ___The same unit cost is used to value ending inventory and cost of goods sold. ___Title to goods transfers when the goods are delivered to the buyer. ___Title to the goods transfers when the public carrier accepts the goods from the seller. ___Tracks the actual physical flow for each inventory item available for sale.