Date Description Units Unit Cost June 1 Beginning 20 $12.00 11 Purchase 60 13.00 24 Purchase 40 15.00 30 Ending 44 Total Cost $240.00 780.00 600.00 points Required: eBook 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.) Hint References Cost of Ending Cost of Goods Inventory Sold $ 1,068.00 $ 552.00 $ 968.00 $ 652.00 FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? O FIFO O LIFO Weighted Average Cost