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Marigold Corp. reports the following for the month of June. Units Unit Cost Total Cost 230 $5 June 1 12 460 8 Inventory Purchase Purchase

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Marigold Corp. reports the following for the month of June. Units Unit Cost Total Cost 230 $5 June 1 12 460 8 Inventory Purchase Purchase Inventory $ 1,150 3,680 4,140 23 345 12 30 115 (b) Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is lower than FIFO SL and higher than LIFOS In contrast, cost of goods sold is higher than FITOS and lower v than LIFO 5

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