Weygandt, Financial Accounting, 10e CALCULATOR PRINTER VERSTON BACK Exercise 6-8 Monty Corp. had 150 units in beginning inventory at a total cost of $15,000. The company purchased 300 units at a total cost of $39,000. At the end of the year, Monty had 80 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.) FIFO LIFO Average-cost by The cost of the ending inventory The cost of goods sold Which cost flow method would result in the highest net income? Which cost flow method would result in inventories approximating current cost in the balance sheet? Show more