Monty Company reports the following for the month of June. Unit Date Explanation Units Total Cost Cost June 1 Inventory 225 $6 $1,350 12 238 Purchase 525 7 3,675 23 Purchase 750 8 6,000 30 Inventory 280 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.) FIFO Ending inventory Cost of goods $ sold eTextbook and Media LIFO $ $ Question Part Score Which costing method gives the highest ending inventory? The highest cost of goods sold? costing method gives the highest ending inventory. method will produce the highest cost of goods sold. eTextbook and Media AVERAGE COST --/12