Match the items below by entering the appropriate code letter in the space provided. A. Taking a physical inventory B. Consigned goods C. FOB shipping point D. FOB destination E. Specific

Match the items below by entering the appropriate code letter in the space provided.
A. Taking a physical inventory
B. Consigned goods
C. FOB shipping point
D. FOB destination
E. Specific identification
F. First-in, first-out (FIFO)
G. Lower of cost and net realizable value
H. Average
I. Inventory turnover ratio
J. Days Sales in Inventory
1. Involves counting, weighing or measuring each kind of inventory on hand.
2. Ownership of goods transfers when the public carrier accepts the goods.
3. Ownership of the goods remains with the seller until the goods reach the buyer.
4. Tracks the actual physical flow for each inventory item available for sale.
5. Ending inventory valuation consists of the most recent inventory purchases.
6. The same unit cost is used to value inventory on hand and cost of goods sold.
7. To hold goods belonging to other parties and to sell them for a fee, without ever taking ownership to the goods
8. Measures the number of times the inventory sold during the period.
9. When the value of inventory is lower than its cost
10. Days in the year divided by inventory turnover

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