6 of 9 < > View Policies Current Attempt in Progress Marigold Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $ 600 12 Purchase 340 6 2,040 22 23 Purchase 200 7 1,400 30 Inventory 203 (a) -/7 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) Cost of the ending inventory $ Cost of goods sold $ Save for Later FIFO $ $ LIFO Average-cost $ $ Attempts: 0 of 3 used Submit Answer (b) Which costing method gives the highest ending inventory? The highest cost of goods sold? Highest ending inventory Highest cost of goods sold Save for Later Attempts: 0 of 3 used Submit