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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 585 units195 from each of the last three purchases. Jan. 1 Beginning inventory Mar. 7 Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase Totals 295 units @ $5.80 630 units @ $7.00 1,270 units @ $6.30 1,150 units @ $8.50 700 units @ $8.60 4,045 units $ 1,711 4,410 8,001 9,775 6,020 $ 29,917 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 Specific identification O LIFO Weighted average