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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 600 units200 from each of the last three purchases. = Jan. 1 Beginning inventory Mar. 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase Totals 300 units @ $6.00 640 units @ $7.25 1,280 units @ $6.50 1,160 units @ $8.80 720 units @ $8.90 4,100 units = $ 1,800 4,640 = 8,320 = 10,208 = 6,408 $ 31,376 Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places.) Ending Inventory Cost of Goods Sold (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO Which method yields the highest net income? O Weighted average OLIFO O FIFO O Specific identification