Poole Company purchased two identical inventory items. One of the items, purchased in January, cost $30. The other, purchased in February, cost $37. One of the items was sold in March at a selling price of $90. Poole uses LIFO. Which of the following statements is true? Multiple Choice The amount of cost of goods sold would be $30. The balance in ending inventory would be $37. The amount of gross margin would be $53. The amount of ending inventory would be $33.5