Poole Company purchased two identical inventory items. One of the items, purchased in January, cost $22. The other, purchased in February, cost $25 One of the items was sold in March at a selling price of $50. Poole uses LIFO. Which of the following statements is true? Multiple Choice The amount of ending inventory would be $23.5. The balance in ending inventory would be $25. The amount of cost of goods sold would be $22. The amount of gross margin would be $25