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 150 units-50 from each of the last three purchases 1 Beginning inventory 96 units $2.00 220 units 8 $2.25 544 units 192 Jan. 7 Purchase 495 Mar. July 28 Purchase $2.50 480 units 8 $2.80 160 units 8 $2.90 1,360 = 1,344 Oct 3 Purchase 19 Purchase 464 Dec. $3,855 1,500 units Totals Determine the cost assigned to ending inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places.) Cost of Goods Sold Ending Inventory (a) Specific identification (b) Weighted average (c) FIFO (d) LIFO 410.00$ 3,445.00 Which method yields the highest net income? Specific identification FIFO LIFO Weighted average