Fatigues Surplus began July 2021 with 80 stoves that cost $10 each. During the month, the company made the following purchasos at cost: (Click the icon to view the purchases.) The company sold 254 stoves, and at July 31 , the ending inventory consisted of 46 stoves. The sales price of each stove was $51. Read the cequirnments. Requirement 1. Determine the cost of goods sold and ending inventory amounts for July under the average-cost, FIFO, and LIFO costing mothods. Round the averege cost per unit to two decimal places, and round all other amounts to the nearest dollar. Requirements 1. Determine the cost of goods sold and ending inventory amounts for July under the average-cost, FIFO, and LIFO costing methods. Round the average cost por unit to two decimal places, and round al other amounts to the nearest Data table dollar. 2. Explain why cost of goods sold is highest under LIFO, Be speofic. 3. Prepare the Fatigues Surplus income statement for July. Report gross profit. Operating expenses totuled $4,500. The company uses average costing for inventory The income tax mto is 40%