Poole Company purchased two identical inventory items. One of the items, purchased in January, cost $38. The other, purchased in February, cost $49. One of the items was sold in March at a selling price of $130. Assuming that Poole uses a last-in, first-out cost flow, which of the following statements is correct? Multiple Choice The balance in ending inventory would be $49.00. The amount of gross margin would be $81.00 The amount of ending Inventory would be $43.50. The amount of cost of goods sold would be $38.00