Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g 1,250.) 1170 The ending inventory 9360 The cost of goods sold SHOW SOLUTION SHOW ANSWER LINK TO TEXT xYour answer is incorrect. Try again Will the results in (a) be higher or lower than the results under FIFO and LIFO? and i, higher i than LIFO $ Ending inventory is lower. than FIFO s RA lower than LIFO and. i In contrast, cost of goods sold ishigher+j than FIFO $ Click if you would like to Show Work for this question: Open blank Show Work Copy Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g 1,250.) 1170 The ending inventory 9360 The cost of goods sold SHOW SOLUTION SHOW ANSWER LINK TO TEXT xYour answer is incorrect. Try again Will the results in (a) be higher or lower than the results under FIFO and LIFO? and i, higher i than LIFO $ Ending inventory is lower. than FIFO s RA lower than LIFO and. i In contrast, cost of goods sold ishigher+j than FIFO $ Click if you would like to Show Work for this question: Open blank Show Work Copy