Exercise 6-07 a-c (Video) Kingbird, Inc. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 516 $5 12 Purchase 1,032 9 $ 2,580 9,288 7,740 23 774 10 Purchase Inventory 30 258 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO LIFO Cost of the ending inventory $ $ Cost of goods sold $ $ LINK TO TEXT VIDEO: SIMILAR EXERCISE Which costing method gives the higher ending inventory? LINK TO TEXT VIDEO: SIMILAR EXERCISE Which method results in the higher cost of goods sold? Click if you would like to Show Work for this question: Open Show Work