Exercise 6-07 a-c (Video) Monty Corp. reports the following for the month of June. Unit Cost Units Total Cost June 1 Inventory 572 $3 12 Purchase 8 1,144 858 $ 1,716 9,152 9,438 23 11 Purchase Inventory 30 286 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 EXE LINK TO TEXT Which costing method gives the higher ending inventory? VIDEO: SIMILAR EX LINK TO TEXT Which method results in the higher cost of goods sold? udy. Click if you would like to Show Work for this question: Open Show Work VIDEO: SIMILAR EXE LINK TO TEXT