Armed Forces Surplus began July 2021 with 80 stoves that cost $15 each. During the month, the company made the following purchases at cost: (Click the icon to view the purchases.) The company sold 286 stoves, and at July 31 , the ending inventory consisted of 64 stoves. The sales price of each stove was $49. Read the requirements. dollar. Cos End Requirement 2. Explain why cost of goods sold is highest under LIFO. Be specific. Under LIFO the cost of goods sold is the highest because costs are and LIFO assigns the to cost of goods sold. the nearest whole dollar.)