Swifty Company uses a periodic system reports the following for the month of June. Unit Cost Units June 1 260 $6 Total Cost $ 1,560 3,150 2,640 12 450 Inventory Purchase Purchase Inventory 7 23 330 8 30 130 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 LINK TO TEXT Which costing method gives the higher ending inventory? LINK TO TEXT Which method results in the higher cost of goods sold? Click if you would like to Show Work for this question: Open Show Work