Homework: Chapter 6 Homework Save Score: 0 of 2 pts 14 of 16 (10complete) HW Score: 45.1%, 7.67 of 17 pts P6-64A (similar to) Question Help Fatigues Surplus began July 2016 with I (Click the icon to view the purchases) Fatigues Surplus sold 330 tents, and at July 31, the ending inventory consists of 50 sents. The saie price of eath tent was $49 Requirements 1. Determine the cost of goods sold and ending inventory amounts for July under the average cost, FIFO oost, and LIFO cost Round a 100 tents that cost $10 each. During the month, Fatigues Surplus made the folowing purchsses at cost 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 speofic 3. p es arethe Fatigues Sur 1 s income statement for My Report gosa profit Operating expenses totaled $4.750 Fatig es Supus ses average costingfor inventory The no me tax rate is 32% Requirement 1. Determine the cost of goods sold and ending inventory amounts for July under the average oost, FIFO cost, and LIFO cost. Round amourts to the nearest doilar average cost per unit to two domal places, and round all other Number of units Average cos Data Table Cost of goods sold Ending inventory 120 tents $18$ 2,160 18 130tents $25" 3250 26 30 ents S27810 Print Done Enter any number in the edit felds and then cliok Check Answer Clear All remaining Check Aswer