2 of 5 < > Waterway Interiors reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 190 5 950 12 Purchase 275 6 1,650 23 Purchase 535 7 3,745 30 Inventory 145 -/1 Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.250 and final answers to O decimal places, e.g. 125.) The cost of the ending inventory The cost of goods sold FIFO 41 AVERAGE-COST Which costing method gives the higher ending inventory? method produces the higher ending inventory. eTextbook and Media Which method results in the higher cost of goods sold? method produces the higher cost of goods sold