Exercise 6-14A Periodic: Cost flow assumptions LO P3 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 330 units-110 from each of the last three purchases Dan. 1 Beginning inventory Mar 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase 210 units $2.40$504 460 units$2.751,265 1,100 units $2.903,190 980 units $3.203,136 360 units $3.401,224 $ 9,319 Totals 3,110 units 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.) Ending Inventory Cost of Goods Sold (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO Which method yields the highest net income? Specific identification O FIFO O Weighted averagee LIFO