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 600 units-200 from each of the last three purchases. 300 unitsc6.00 640 units6.25 1,280 unit3$6.50 1, 160units 7.00 Beginning Tan2 inventory Mar. 7 Purchase July28 Purchase Oct. 3 Purchase Dec.19 Purchase =$ 1,800 720 units Total 4,100 units $28,648 Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermedlete calculations and round your answers to 2 decimal pleces) nces Ending Inventory Cost of G Sold sverage (c) FIFO d LIFO which method yields the highest net income i ted ayerage