Units Unit Cost Date June 12 23 30 Explanation Inventory Purchase P urchase Inventory Total Cost $ 600 2.220 1.400 370 200 230 Instructions (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO.(2) LIFO, and (3) average cost. (Round average unit cost to three decimal places.) 1 Which costing method gives the highest ending inventory? The highest cost of goods sold? Why? How do the averape.cost values for ending inventory and cost of goods sold relate to ending inventory and cost of goods sold for FIFO and LIFO? TILL