21. Ending inventory is made up of the oldest purchases when a company uses A. Lifo B. Fifo C. Average cost D. Evaluation method 22. The inventory that assigns the most recent prices to its ending inventory uses A. Lifo B. Fifo C. Average cost D. Evaluation method 23. Which of the following would use specific identification method? A. Honda B. Target C. Best Buy D. Zales Jewelry 24. Inventory errors will usually affect the financials for a total of 2 years. A. True B. False 25. Beginning inventory + net purchases = Cost of goods sold A. True B.) False Perpetual FIFO SHOW YOUR WORK Determine the ending inventory. Ending inventory- units and total dollar amount