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Ayayai Company reports the following for the month of June. Date Unit Explanation Units Total Cost Cost June 1 12 23 30 Inventory Purchase Purchase

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Ayayai Company reports the following for the month of June. Date Unit Explanation Units Total Cost Cost June 1 12 23 30 Inventory Purchase Purchase Inventory 180 420 600 224 $3 4 5 $540 1,680 3,000 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, eg. 5.25 and final answers to decimal places, e.g. 2,520) LIFO FIFO 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

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