Question: opez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its nding inventory consists of 600

opez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its nding inventory consists of 600 units -200 from each of the lost three purchases. -d) Determine the cost assigned to ending inventory and to cost of goods sold for the following. e) Which method yields the highest net income? Complete this question by entering your answers in the tabs below. Determine the cost assigned to ending inventory and to cost of goods sold for the following. Note: Do not round intermediate calculations and round your answers to 2 decimal places. Lopez Company reported the following curfent-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. (a-d) Determine the cost assigned to ending inventory and to cost of goods sold for the following. (e) Which method yields the highest net income? Complete this question by entering your answers in the tabs below. Which method vields the highest net income
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