E6-7 Lisa Company had 100 units in beginning inventory at a total cost of $10,000. The compiule imena company purchased 200 units at a total cost of $26,000. At the end of the year, Lisa had 80 linder FIEO LIFO units in ending inventory. Instructions FIFo (a) Compute the cost of the ending inventory and the cost of goods sold under (1) and (3) average cos (b) Which cost flow method would result in the highest net income