FAR 9.10.2016

-------------- gains for cost of goods sold are realized

Holding gains for cost of goods sold are ----------------

Holding gains for inventory on hand at the end of the period are ---------------

Holding gains for inventory ------------------- at the end of the period are unrealized

Under the ------------- inventory method, the ending inventory would consist of the last units purchased under both the perpetual and periodic inventory systems.

Under the FIFO inventory method, the ending inventory would consist of the --------------purchased under both the perpetual and periodic inventory systems.

When applying the lower of cost or market inventory method, the lowest total inventory amount is obtained when the lower of cost or market determination is made on an -------------------------- basis