Navy Seals Surplus began October 2018 with 100 stoves that cost $10 each. During the month, the company made the following purchases at cost: (Click the icon to view the purchases.) The companv sold 322 stoves, and at October 31 , the ending inventory consisted of 48 stoves. The sales price of each stove was $55. Read the 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 most recent units purchased to cost of goods sold. Data table