Question 6 Swifty Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 220 $6 $ 1,320 12 Purchase 400 7 2,800 23 23 Purchase 330 8 2,640 30 Inventory 110 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. Cost of the ending inventory Cost of goods sold A SA FIFO A A LIFO (b). Which costing method gives the higher ending inventory? (c) Which method results in the higher cost of goods sold?