Air Force Surplus began March 2018 with 80 stoves that cost $10 each. During the month, the company made the following purchases at cost: (Click the icon to view the purchases.) The company sold 290 stoves, and at March 31, the ending inventory consisted of 70 stoves. The sales price of each stove was $51. Read the requirements Requirement 1. Determine the cost pf goods sold and ending inventory amounts for March under the average-cost, FIFO, and LIFO costing methods. Round the average cost per unit to two decimal places, and round all other amounts to the nearest dollar Number of units Average cost Cost of goods sold Ending inventory Force Surplus began March 2018 with 80 stoves that cost $10 each. During the month, the company made the following purchases at cost: (Click the icon to view the purchases.) company sold 290 stoves, and at March 31, the ending inventory consisted of 70 stoves. The sales price of each stove was $51. ad the requirements st, FIFO, and LIFO costing methods. X Data Table quirement 1. Determine the cost of ind the average cost per unit to two Number of us st of goods sold Bing inventory 100 stoves @ $13 $ March 6 18 120 stoves @ $15 60 stoves @ $25 1,300 1,800 1,500 26 Print Done any number in the edit fields and then click Check Answer. arts maining Clear All Check Answer orce Surplus began March 2018 with 80 stoves that cost $10 each. During the month, the company made the following purchases at cost: Click the icon to view the purchases.) company sold 290 stoves, and at March 31, the ending inventory consisted of 70 stoves. The sales price of each stove was $51. the requirements. X irement 1. Determine t Requirements and LIFO costing methods. the average cost per Nun of goods sold g inventory 1. Determine the cost of goods sold and ending inventory amounts for March under the average-cost, FIFO, and LIFO costing methods. Round the average cost per unit to two decimal places, and round all other amounts to the nearest dollar 2. Explain why cost of goods sold is highest under LIFO. Be specific. 3. Prepare the Air Force Surplus income statement for March. Report gross profit . Operating expenses totaled $5,200. The company uses average costing for inventory. The income tax rate is 40%. Print Done ny number in the edit fields and then click Check Answer. ts aining Clear All Check