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E6.6 (LO2) Howsham Interiors reports the following for the month of June. June 1 12 Units 200 300 500 Unit Cost 5 6 Inventory Purchase
E6.6 (LO2) Howsham Interiors reports the following for the month of June. June 1 12 Units 200 300 500 Unit Cost 5 6 Inventory Purchase Purchase Inventory Total Cost 1.000 1.800 3,500 23 30 160 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
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