Novak Corp.reports the following for the month of June. Unit Cost Units Total Cost June 1 Inventory 592 $6 $3,552 12 Purchase 1.184 8 9,472 23 Purchase 888 10 8,880 30 Inventory 296 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. 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 Which costing method gives the higher ending inventory? Activate Which method results in the higher cost of goods sold