Military Surplus began March 2021 with 80 stoves that cost $15 each. During the month,...
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Military Surplus began March 2021 with 80 stoves that cost $15 each. During the month, the company made the following purchases at cost: (Click the icon to view the purchases.) The company sold 295 stoves, and at March 31, the ending inventory consisted of 55 stoves. The sales price of each stove was $47. 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 methods. Round the average cost per unit to two decimal places, and round all other amounts to the nearest dollar. Data table s for March under the al places, and round all
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