Exercise 6-8 Sunland Company uses the periodic inventory system and had 100 units in beginning inventory at a total cost of $10,000. The company purchased 300 uni at a total cost of $42,000. At the end of the year, Sunland had 85 units in ending inventory. Your answer is partially correct. Try again. Compute the cost of the ending inventory and the cost of goods sold under FIFO LIFO and average cost. (Round average cost per unit and final answers to 0 decimal places,e.g. 1,250.) FIFO LIFO The cost of the ending inventory 1050 40100 130 The cost of goods sod 4010043500 Your answer is incorrect. Try again. Which cost flow method would result in the highest net income? LIFO method