Which Inventory Costing Method Most Closely Approximates Current Cost for Each

Short Answer

Which inventory costing method most closely approximates current cost for each of the following: $\begin{array}{lcc} & \text { Ending Inventory } & \text { Cost of Goods Sold } \\\text { a. } & \text { FIFO } & \text { FIFO } \\\text { b. } & \text { FIFO } & \text { LIFO } \\\text { c. } & \text { LIFO } & \text { FIFO } \\\text { d. } & \text { LIFO } & \text { LIFO }\end{array}$