Pina Colada Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Inventory Purchase Purchase Inventory Cost of the ending inventory Cost of goods sold $ $ eTextbook and Media 130 Highest ending inventory 390 Highest cost of goods sold 210 213 Unit Cost $5 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) 6 FIFO 7 Total Cost FIFO method $650 2,340 1,470 Average-cost method Which costing method gives the highest ending inventory? The highest cost of goods sold? $ # $ LIFO $ $ Average-cost

Pina Colada Corp. uses a periodic inveritory system and reports the following for the monthiof June. Compute the cost of the ending inventory and the cost of goods sold under FIFO. LFO, and average-cost. (Rround per unit cast to 3 decimal places, e.s, 15,647 and finat answers to 0 decimal places, e.3- 5,125 .) eTextbook and Media Which costing method gives the highest ending inventory? The highest cost of goods sold? Highestending imventory Highest cost of goods sold