Jeters Company reports the following for the month of June. Compute inventory and cost of goods sold using periodic FIFO, LIFO, and average-cost. (LO 2), AP Date June 1 12 23 30 Instructions Explanation Units Unit Cost Total Cost $ 600 2,220 1,400 Inventory Purchase Purchase Inventory 230 120 $5 370 6 200 7 (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.) (b) Which costing method gives the highest ending inventory? The highest cost of goods sold? Why?