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o AT&T as 10:45 PM ezto.mheducationcom !] fi ''. l Save&E 4 value: 6.50 points 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 450 units-150 from each of the last three purchases. Jan. 1 Beginning inventory 250 units @$400 = $ 1,000 Mar. 7 Purchase 540 units @ $4.75 = 2,565 July 28 Purchase 1,180 units @ $4.50 = 5,310 Oct. 3 Purchase 1,06O units @ $5.80 = 6,148 Dec. 19 Purchase 520 units @ $5.90 = 3,068 Totals 3,550 units $18,091 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.) " Ending "cest or some] Sulu (a) Specific identification l '(b) Weighted average l {(c) FIFO l "(a) UFO I Which method yields the highest net income? 0 Weighted average O LIFO v FIFO O Specific identification Hints References eBook & Resources Hint #1 Check my work