Blake Company purchased two identical inventory items. The item purchased first cost $27.00, and the item purchased second cost $28.00. Blake sold one of the items for $50.00. Which of the following statements is true? Multiple Choice Ending Inventory will be lower It Blake uses the weighted average rather than the PFO inventory cost flow method Cost of goods sold will be higher it take uses the FIFO rather than the weighted average Inventary cout flow method The dollar amount assigned to ending inventory will be the same no matter which inventory cost flow method is used Cous maroin will be hones Lower than we pro inventory cout flow method Prov 16 of 40 !!! Next >