Navy Surplus began July 2018 with 80 stoves that cost $10 each. During the month, the company made the following purchases at cost (Click the icon to view the purchases) The company sold 250 stoves, and at July 31, the ending inventory consisted of 50 stoves. The sales price of each stove was $52. Read the requirements Income Statement Month Ended July 31, 2018 0 Data Table July 0 $ 90 stoves @ 100 stoves @ 30 stoves @ $20 $25 $30 - - - 1,800 2,500 900 Net income Print Done Choose from any list or enter any number in the input fields and then click Check Answer Navy Surplus began July 2018 with 80 stoves that cost $10 each. During the month, the company made the following purchases at cost: (Click the icon to view the purchases.) The company sold 250 sloves, and at July 31, the ending inventory consisted of 50 stoves. The sales price of each stove was 562 Read the requirements Requirement 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 per unit to two decimal places, and round all other amounts to the nearest dollar. Number of units 250 $ 50 $ Cost of goods sold Ending inventory Average cost 5,000 1,000 $ $ FIFO 4,600 1,400 LIFO 5,500 500 $ $