Question: purchased two identical inventory items. The item purchased first cost $33.00, and the item purchased second cost $34.00. Blake sold one of the items for

purchased two identical inventory items. The item purchased first cost $33.00, and the item purchased second cost $34.00. Blake sold one of the items for $62.00. Which of the fallowing statements is true? Mutiple Choice The doller amount assigned t 1o ending eventory will be the same no matter which cost flow method is used Gross margin wil be higher it Blake uses LIFO than it wou'd be t FIFO were used Cost of goods sold wil be higher it Blake uses FIFO than it weighned moerage were used Ending invemory wil be lower if Bliske uses weighte average than it FIFO were used
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