Easy Pan 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 230 units @ $3.20 = $ 736 Mar. 7 Purchase 500 units @ $3.75 = 1,875 July 28 Purchase 1,140 units @ $3.70 = 4,218 Oct. 3 Purchase 1,020 units @ $4.00 = 4,080 Dec. 19 Purchase 440 units @ $4.70 = 2,068 Totals 3,330 units $ 12,977 Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round weighted average per unit costs and round your answers to 2 decimal places.) Ending Cost of Goods Inventory Sold (a) Specific identification $ 1,612.00 $ 11,365.00 (b) Weighted average $ 1,519.83 $ 11,457.17 (c) FIFO $ 1,833.00 $ 11,144.00 (d) LIFO $ 1,336.00 $ 11,641.00 Which method yields the highest net income? Specific identification Weighted average OLIFO FIFO