Date Explanation Units Unit Cost Total Cost June 1 Inventory 315 $7 $2,205 12 Purchase 735 8 5,880 23 Purchase 1,050 9 9,450 30 Inventory 392 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 2,520.) FIFO LIFO AVERAGE COST Ending inventory Cost of goods sold $ $ $ Which costing method gives the highest ending inventory? The highest cost of goods sold? costing method gives the highest ending inventory. method will produce the highest cost of goods sold.