Exercise $6-14$A $($Algo$)$ Periodic: Cost flow assumptions LO P$3$

Lopez Company reported the following current$-$year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of $360$ units $-120$ from each of the last three purchases.

$\backslash$table$[[$January $1,,,,,],[$March $7,\backslash$table$[[$Beginning inventory$],[$Purchase$]],\backslash$table$[[220$ units$],[480$ units$]],$@ $$2\mathrm{.}40,=,$$$528$