$62.00. Based on this information, which of the following statements is true? Multiple Choice The cost of goods sold is $33.00 if Hoover uses the LIFO cost flow method. The cost of goods sold is $35.00 if Hoover uses the FIFO cost flow method. The gross margin is $28.00 if Hoover uses the weighted-average cost flow method. The ending inventory is $35.00 if Hoover uses the LIFO cost flow method