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 390 units-130 from each of the last three purchases. Jan. 1 Beginning inventory Mar 7 Purchase uly 28 Purchase Oct. 3 Purchase Dec. 19 Purchase 230 units $3.2-$ 736 5e0 units $3.75- 1,875 1,140 units & $3,704,218 1,028 units $4.604,692 448 units $4.10 1,884 S 13,325 Totals 3,338 units ed to ending inventory and to cost of goods sold for the following (Do not round intermediate calculations und your enswers to 2 decimal places.) Sold b) Weighted average (c) FIFO d) LIFO Which method yields the highest net income? Specific identification OLIFO FIFO o Weighted average