Question list Question 1 Fatigues Surplus began May 2021 with 80 stoves that cost $15 each. During the month, the company made the following purchases at cost then to vw the purchases) The company sold 258 stoves, and at May 31, the ending inventory consisted of 62 stoves. The sales price of each stove was $50. Read the requirements Question 2 O Question 3 Question 4 Question 5 Requirement 1. Determine the cost of goods sold and ending inventory amounts for May 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 Cost of goods sold Ending inventory Data table Number of units Average cost 800 1,000 O Question 6 May 6 10elovee $20-$1,800 May 18 120 loves24. 2,0 May 26 540 O Question 7 Requirements 1. Determine the cost of goods sold and ending inventory amounts for May 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 dolar 2. Explain why cost of goods sold is highest under UFO. Be specif 3. Prepare the Fatigues Surplus income statement for May Report gross prot Operating expenses totaled $3,000. The company uses average costing for inventory. The income tax rate is 32% Print Done Print Done