Current Attempt in Progress Concord Corporation uses the periodic inventory system and reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 240 $5 $1,200 12 3,840 Purchase Purchase Inventory 360 10 23 30 3,600 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $ e Textbook and Media 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 than LIFO $ In contrast, cost of goods sold is than FIFO $ than LIFO $