Hoover Company purchased two identical inventory items. The item purchased first cost $39.50. The item purchased second cost $4375. Then Hoover sold one of the inventory items for $70. Based on this information, the amount of Multiple Choice ending inventory : 54375 if Hoover uses the LIFO cost flow method gross margin is $28.38 of Hoover uses the weighted average cost flow method cost of goods sold is $4375 i Hoover uses the FIFO cost flow method cost of goods sold is $39.50 F Hoover uses the LIFO cost flow method Glasgow Enterprises started the period with 65 units in beginning inventory that cost $260 each. During the period, the company purchase inventory items as follows. Glasgow sold 325 units after purchase 3 for $260 each Purchase 1 2 3 Number of Items 300 200 55 Cost $ 3.10 $ 3.20 $ 3.60 If the company uses the weighted average cost flow method, Glasgow's ending Inventory would be approximately. (Round your intermediate calculations to 2 decimal places.) Multiple Choice 5922 $920 Multiple Choice $927 o $920 $1014 5775 Anton Company uses the perpetual inventory method. Anton purchased 1,000 units of inventory that cost $8 each At a later date the company purchased an additional 1050 units of inventory that cost $10 each. If Anton uses the FIFO cost flow method and sells 1,450 units of inventory, the amount of cost of goods sold will be Multiple Choice $14.500 $11.600 $14.900 512.500 earch 99 73 11/1