Test-Tax Analyst Certification Test (20 Inventory Question 24 of 75. NE Under LIFO, which items of inventory are considered the first sold? O The items purchased closest to the date of the sale. O The items purchased furthest from the date of sale. O The last items purchased. O The first items purchased Mark for follow up Question 25 of 75. NE Under FIFO, which items of inventory are considered to be the first sold? 0 The items purchased closest to the date of the sale. O The items purchased furthest from the date of sale. The last items purchased. O The first items purchased. Mark for follow up Back Save / Return Later Summary Next