15. The LIFO inventory method assumes that the cost of the latest units purchased is a. the last to be allocated to cost of goods sold. b. the first to be allocated to ending inventory. c. the first to be allocated to cost of goods sold. d. not allocated to cost of goods sold or ending inventory 16. A company purchased inventory as follows: 200 units at $6.00 300 units at $6.60 The average unit cost for inventory is $6.00. $6.30. $6.36. $6.60