Multiple Select Question Select all that apply ldentfy the statements below that are correct regatding the advantoges of the fout inventory methods using a perpetual inventory system. (Check all that apply.) FFO assigns an amount to inventory on the bolance sheet that opproximates is current cost. Lifo mimics the actual fraw of goods for most businebses. FIFO assigns an amount to cost of goods sold on the income statement that approximates its curfent replecement cost Weighted average tends to smooth out erratic changes in costs