TaxLu Company purchased two identical inventory items. The item purchased first cost $44.50. The item...
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TaxLu Company purchased two identical inventory items. The item purchased first cost $44.50. The item purchased second cost $5000. Then Taxtu sold one of the inventory items for $65. Based on this information, which of the following statements is true? Multiple Choice The gross margin is $1775 il Tone uses the weighted average cost flow method. The cost of goods sold is $50,00 lt TaxLuuses the FIFO cost flow method The cost of goods sold is $44.50 if Taklu uses the LIFO Cost flow method The ending inventory is 550.00 if Hoover uses the LIFO cost flow method
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