Concord Company reports the following for the month of June. Concord uses a periodic inventory system. Unit Cost Units Total Cost June 1 280 $6 12 400 7 Inventory Purchase Purchase Inventory $ 1,680 2,800 2,560 23 320 8 30 150 Calulate weighted average unit cost. (Round answer to 3 decimal places, e.g. 15.251.) Weighted-average unit cost $ ta 7.04 Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to O decimal places, e.g. 1,250.) The ending inventory $ The cost of goods sold $ e Textbook and Media Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO $ and v than LIFO $ In contrast, cost of goods sold is than FIFO $ and v than LIFO $