$70. Based on this information, which of the following statements is true? Multiple Choice The gross margin is $34.88 if Hoover uses the weighted-average cost flow method. The cost of goods sold is $36.75 if Hoover uses the FIFO cost flow method. The cost of goods sold is $33.50 if Hoover uses the LIFO cost flow method. The ending inventory is $36.75 if Hoover uses the LIFO cost flow method