E6-6 Howsham Company, Ltd. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 200 5 1,000 12 Purchase 300 6 1,800 23 Purchase 500 7 3,500 30 Inventory Compute inventory and cost of goods sold using FIFO and average-cost. (LO 2, 3) 160 Instructions (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) average-cost. (b) Which costing method gives the higher ending inventory? Why? (c) Which method results in the higher cost of goods sold? Why