Question 11 Not yet answered Using the First-in-first-out (FIFO) method, Cost of Goods Sold is $200,000 and the ending balance in Inventory is $50,000. Using the Last-in-first-out (LIFO) method, the ending balance in Inventory is $80,000. How much is Cost of Goods Sold using the Last-in-first-out (LIFO) method? Points out of 1.00 Flag question Select one: O $ 120,000 o $ 230,000 $ 200,000 o $ 130,000 0 $ 170,000