Concord Corporation uses a periodic inventory system and reports the following for the month of June.

Concord Corporation uses a periodic inventory system and reports the following for the month of June. Unit Cost Date June 1 Units 110 Total Cost $ 550 $ 5 Explanation Inventory Purchase Purchase 12 350 6 2,100 23 190 7 1,330 30 Inventory 193 Your answer is correct. 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, eg. 15.647 and final answers to decimal places, eg. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory 1348 $ 1048 $ 1182 Cost of goods sold 2632 $ 2932 $ 2798 eTextbook and Media Your answer is correct. Which costing method gives the highest ending inventory? The highest cost of goods sold? Highest ending inventory FIFO method Highest cost of goods sold LIFO method