Military Surplus began March 2021 with 80 stoves that cost $10 each. During the month, the corrpary 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 $50 Read the recuirements. Requirement 1. Determine the cost of goods sold and ending imventory armounts for March under the averago-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. Data table Requirements each stove was $50. 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 LIFQ Be specific. 3. Prepare the Military Surplus income statement for March. Report gross profit. Operating expenses totaled $3,000. The company uses average costing for inventory. The income tax rate is 36%