Match the Inventory Valuation Methods with Their Descriptions

Match the inventory valuation methods with their descriptions.
-__ first-in-first out (FIFO)

A) Assumes that newest inventory is used prior to previously acquired inventory.
B) Assumes inventory is commingled and value is based on mean costs.
C) Inventory is matched with items of inventory with its specific cost.
D) Assumes oldest inventory is used before newer inventory.