A company purchased two identical items. Item 101 purchased in October cost $100. Item 102 purchased in November cost $110 If item 102 is sold to a customer for $150, which of the following cost flow methods results in an ending inventory of $105? Multiple choice question. First-in, first-out (FIFO) Weighted average Last-in, first-out (LIFO)

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A company purchased two identical items. Item 101 purchased in October cost $100. Item 102 purchased in November cost $110 If item 102 is sold to a customer for $150, which of the following cost flow methods results in an ending inventory of $105?  Multiple choice question.  First-in, first-out (FIFO)  Weighted average  Last-in, first-out (LIFO)

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