Poole Company purchased two identical inventory items. One of the items, purchased in January, cost $52. The other, purchased in FebrLuary cost $70. One of the items was sold in March at a selling price of $200. Assuming that Poole uses a LIFO cost flow, which of the following statements is correct? The amount of gross margin would be $130. The amount of cost of goods sold would be $52. The amount of ending inventory would be $61.00. The balance in ending inventory would be $70