Hoover Company purchased two identical inventory items. The item purchased first cost $38.50. The item purchased second cost $43.00. Then Hoover sold one of the inventory items for $65. Based on this information, the amount of Multiple Choice cost of goods sold is $43.00 if Hoover uses the FIFO cost flow method ending inventory is $43.00 if Hoover uses the LIFO cost flow method gross margin is $24 2S if Hoover uses the weignted average cost now method cost of goods sold is $38 50 t Hoover uses the LIFO cost flow method