Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. The ending inventory The cost of goods sold Swifty Company reports the following for the month of June. Wil the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO \$ and than LIFO\$ In contrast, cost of goods sold is than FIFOs and than LiFO Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. The ending inventory The cost of goods sold Swifty Company reports the following for the month of June. Wil the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO \$ and than LIFO\$ In contrast, cost of goods sold is than FIFOs and than LiFO