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 Mar. 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase 250 urits @S4.00=$. 1,000 540 urfits $4.252.295 1,180 units @$4.50= 5.310 1.060 units @$4.80= 5.088 520 units $5.90 3,068 Totals 3,550 units $16,761 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.) (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO Which method yields the highest net income? LIFO FIFO Specific identification Weighted average 5 6 1 2 3 R