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Business, 11.04.2020 00:00 miller5452

Hoover Company purchased two identical inventory items. The item purchased first cost $35.50. The item purchased second cost $39.50. Then Hoover sold one of the inventory items for $65. Based on this information, the amount of: Multiple Choice

ending Inventory is $39.50 if Hoover uses the LIFO cost flow method.
gross margin is $27.50 i Hoover uses the weighted average cost flow method.
cost of goods sold is $39.50 i Hoover uses the FIFO cost flow method.
cost of goods sold is $35,50 if Hoover uses the LIFO cost flow method.

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