Army - Navy Surplus began March 2018 with 100 stoves that cost $10 each. During the month, the company made the following purchases at cost: 1 (Click the icon to view the purchases.) The company sold 310 stoves, and at March 31, the ending inventory consisted of 70 stoves. The sales price of each stove was $46. Read the requirements 2. nearest dollar. 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 (1) and LIFO assigns the (2) to cost of goods sold. the nearest whole dollar.)