5 4 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 150 units-50 from each of the last three purchases Doints Jan. Mar. 1 Beginning inventory 7 Purchase, Skipped July 28 Purchase Oct. Dec. 3. Purchase 19 Purchase Totals 96 units $2.00 - 220 units $2.25 544 units @ $2.50 480 units $2.80 160 units 1,500 units 192 495 1,360 1,344 $2.90 W 464 $3,855 Ask (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?