Cheyenne Company reports the following for the month of June. Date June 1 June 12 June 23 June 30 Explanation Units Unit Cost Total Cost Inventory 122 $732 Purchase 360 7 2,520 Purchase 208 8 1,664 Inventory 223 Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 419 units occurred on June 15 for a selling price of $9 and a sale of 48 units on June 27 for $10.(Round average cost per unit to 3 decimal places, e.g. 1.286 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Moving-Average Cost ending inventory $ Cost of goods sold e Textbook and Media Which inventory method gives the higher ending inventory? The method gives the highest ending inventory. eTextbook and Media Which inventory method results in the higher cost of goods sold? The y method gives the highest value for cost of goods sold. e Textbook and Media