Which Inventory Costing Method Most Closely Approximates Current Cost for Each

Which inventory costing method most closely approximates current cost for each of the following line items on the financial statements?

A) $$\begin{array} { | c | c | } \hline \text { Ending Inventory } & \text { Cost of Goods Sold } \\\hline \text { FIFO } & \text { FIFO } \\\hline\end{array}$$
B) $$\begin{array} { | c | c | } \hline \text { Ending Inventory } & \text { Cost of Goods Sold } \\\hline \text { LIFO } & \text { LIFO } \\\hline\end{array}$$
C) $$\begin{array} { | c | c | } \hline \text { Ending Inventory } & \text { Cost of Goods Sold } \\\hline \text { FIFO } & \text { LIFO } \\\hline\end{array}$$
D) $$\begin{array} { | c | c | } \hline \text { Ending Inventory } & \text { Cost of Goods Sold } \\\hline \text { LIFO } & \text { FIFO } \\\hline\end{array}$$

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