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 360 units-120 from each of the last three purchases. Jan. 1 inventory Beginning Mar. 7 Purchase July28 Purchase 220 units $2.40 =$ 528 488 units 3.05 - 1,464 1, 120 units $2.90 = 3,248 1,000 units$3.60 = 3,600 400 units... 19 = 1,640 3,220 units : $10,480 Oct. 3 Purchase Dec. 19 Purchase Totals 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 Specific a identification Weighted b) average - (c) FIFO (d) LIFO Which method yields the highest net income? Specific identification Weighted average LIFO FIFO