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 330 units -110 from each of the last three purchases. Jan. 1 Beginning inventory Mar. 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase Totals 210 units @ $2.40 460 units @ $2.75 1,100 units @ $2.90 980 units $3.20 360 units $3.40 3,110 units - 5 504 1,265 3,198 3,136 1,224 $9,319 (a-d) 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 (e) Which method yields the highest net income? Weighted average O UFO Specific identification FIFO