Current Attempt in Progress Concord Corporation reports the following for the month of June. Units Unit Cost June 1 Inventory 280 12 Purchase 560 Purchase 420 Inventory 140 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. Cost of the ending inventory Cost of goods sold Current Attempt in Progress Concord Corporation reports the following for the month of June. Units Unit Cost Total Cost Inventory 280 $5 $ 1,400 Purchase 560 4,480 8 11 Purchase 420 4,620 nventory 140 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. Cost of the ending inventory $ Cost of goods sold $ Which costing method gives the higher ending inventory? Average-cost method eTextbook and Media Which method results in the higher cost of goods sold? FIFO method eTextbook and Media