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Exercise 5-14A Periodic: Cost flow assumptions LO P3 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-16O from each of the last three purchases. Jan. 1 Beginning inventory 260 units @$3.20 = $ 832 Mar. 7 Purchase 560 units @$3.45 = 1,932 July 28 Purchase 1,200 units @$3.70 = 4,440 Oct. 3 Purchase . 1,080 units @$5.20 = 5.616 Dec. 19 Purchase 560 units @$6.50 = 3,640 Totais 3,660 units $16,460 Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round weighted average per unit costs and round your answers to 2 decimal places.) r , Wfihlm" . ecm", ,-.v. "F. .,-.. --.A.-cf.,; ., A. .. (a) Specific identification (b) Weighted average (c) FIFO (d) LiFO