Question: Help Lopez Company reported the following current year data for its only product. The company uses a periodic inventory system, and its ending inventory consists

 Help Lopez Company reported the following current year data for its

Help 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 480 units-160 from each of the last three purchases Jan. Beginning inventory ar. 7Purchase uly 28 Parchase Oct. 3 Parchase eo. 19 Parehase 260 unitS$4-401,144 560 unita s5.25 2,940 1,200 wmits $4.905,880 1,080 units $5.205,616 340 units. 16.50 3,640 s 19,220 totals Determine the cost assigned to ending inventory and to cost of goods sold for the followling. (Do not round intermediate calculations and round your answers to 2 decimal places.) (b)Weighted c) FiFO (d) LIFO Which method yields the highest net income? Specific identification FIFO LIFO Weighted average C G Search or type URL

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