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 units-200 from each of the last three purchases Dan. 1 Beginning inventory Mar. 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase 300 units $4.00 -$ 1,200 640 units$6.254,000 1,280 units $6.508,320 1,160 units$7.08,120 720 units @ $8.90 6,408 $ 28,048 4,100 units Totals 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 ost o Sold (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO $ 5,340.00 Which method yields the highest net income? O LIFO O Weighted averagee O FIFO Specific identification