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Help Sav Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists

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Help Sav 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 July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase Totals 230 units @ $3.20 - $ 736 500 units @ $3.75 1,875 1,140 units @ $3.70 4,218 1,020 units @ $4.00 4,080 440 units e $4.70 2,068 3,330 units $ 12,977 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? O FIFO Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round int and round your answers to 2 decimal places.) 30 Ending Inventory Cost of Goods + Sold (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO Which method yields the highest net income? O FIFO OLIFO O Specific identification O Weighted average

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