Moving to another question will save this response. Question 2 >> Match the term on the left to the appropriate description on the right. 6 points Save Answer D. Cost of goods available for sale (COGAS) A. A method for calculating COGS based on ending inventory value. LIFO reserve - Lower-of-cost-or-market B. The amount by which inventory measured under FIFO would exceed inventory measured under LIFO Inventory turnover ratio. FIFO (first-in, first out) C. The maximum value that cost of goods sold (COGS) can be in a period. D. A valuation rule applied to ending inventory. E. An Inventory cost flow assumption. - Periodic inventory F. A measure for evaluating a company's inventory management