6 25 Lopez Company reported the following current-year data for its only product. The company uses a periodic inve system, and its ending inventory consists of 390 units-130 from each of the last three purchases. Jan. 1 Beginning inventory points Mar. 7 Purchase 03:2455 July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase eBook Totals 230 units @ $3.20 = $ 736 500 units@ $3.75 - 1,140 units @ $3.70 = 1,875 4,218 1,020 units @ $4.00 = 4,080 440 units@ $4.70 = 3,330 units 2,068 $12,977 (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. Req A to D Req Which method yields the highest net income? Which method yields the highest net income? 6 25 Lopez Company reported the following current-year data for its only product. The company uses a periodic inve system, and its ending inventory consists of 390 units-130 from each of the last three purchases. Jan. 1 Beginning inventory points Mar. 7 Purchase 03:2455 July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase eBook Totals 230 units @ $3.20 = $ 736 500 units@ $3.75 - 1,140 units @ $3.70 = 1,875 4,218 1,020 units @ $4.00 = 4,080 440 units@ $4.70 = 3,330 units 2,068 $12,977 (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. Req A to D Req Which method yields the highest net income? Which method yields the highest net income? 6 25 points 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 390 units-130 from each of the last three purchases. Jan. 1 Beginning inventory Mar. 7 Purchase 0325.00 Oct. 3 Purchase July 28 Purchase Dec. 19 Purchase eBook Totals 230 units@ $3.20 -5 500 units @ $3.75 - 1,140 units@ $3.70 - 1,020 units @ $4.00- 440 units @ $4.70- 2,068 3,330 units $12,977 736 1,875 4,218 4,080 Me (e-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. A to D Reg E 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. Specific identicason Ending Inventory Cost of Goods Sold