x Data table October 6 110 stoves @ $20 $ 2,200 18 120 stoves @ $25 = 3,000 1,200 26 40 stoves @ $30 Requirements 1. Determine the cost of goods sold and ending inventory amounts for October 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. 2. Explain why cost of goods sold is highest under LIFO. Be specific. 3. Prepare the Camo Surplus income statement for October. Report gross profit. Operating expenses totaled $4,000. The company uses average costing for inventory. The income tax rate is 30%