SWAT Surplus began March 2018 with 100 tents 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 318 tents, and at March 31, the ending inventory consisted of 52 tents. The sales price of each tent was $52. Read the requirements Requirement 1. Determine the cost of goods sold and ending inventory amounts for March under the average-cost, FIFO, and LIFO costing method amounts to the nearest dollar LIFO 5880 Number of units Average cost FIFO Cost of goods sold 370 20 5900 Ending inventory 1040 1500 Requirement 2. Explain why cost of goods sold is highest under LIFO Be specific 520 X Data Table Jul 6 110 tents @ $20 $ 2.200 18 II 3.000 h 120 tents @ $25 40 tents @ $30 26 11 1.200 Print Done