Question 32 Ending inventory is higher when FIFO is used than when LIFO is used: Not yet answered Points out of 3.00 Select one: a. Always b. Never P Flag question c. When prices rise during the period d. When prices fall during the period Question 33 At a lump-sum cost of $18,000, Obenauer Company recently purchased the following items for resale: Not yet answered Points out of 3.00 Item ABC QRS XYZ No. of Items Purchased 2,000 1,000 3.000 Resale Price Per Unit 35.00 $8.00 $2.00 P Flag question The appropriate cost per unit of ABC inventory is: Select one: a. $3.00 b. $.80 c. $1.50 d. $3.75 e. $2.40