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Match the term on the left to the appropriate description on the right. ...

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Question

Accounting

Match the term on the left to the appropriate description on the right.

- A. B. C. D. E. F.

Cost of goods available for sale (COGAS)
- A. B. C. D. E. F.

LIFO reserve
- A. B. C. D. E. F.

Lower-of-cost-or-market
- A. B. C. D. E. F.

Inventory turnover ratio.
- A. B. C. D. E. F.

FIFO (first-in, first out)
- A. B. C. D. E. F.

Periodic inventory
A.

A method for calculating COGS based on ending inventory value.
B.

A measure for evaluating a company's inventory management.

C.

The amount by which inventory measured under FIFO would exceed inventory measured under LIFO
D.

The maximum value that cost of goods sold (COGS) can be in a period.
E.

A valuation rule applied to ending inventory.
F.

An inventory cost flow assumption.

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