(b) LIFO, and (c) weighted average cost methods Which of the three methods will lead to reporting the highest net in LO 7-3 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost E7-5 Oahu Kiki track s the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic Assume Oahu Kiki's records show the following for the month of January, Sales totaled 240 units