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 480 units-160 from each of the last three purchases. Jan. 1 Beginning inventory Mar. 7. Purchase July 28 Purchase Oct. 3 Purchase Dec. 19 Purchase. 260 units $3.20 - $ 560 units @ $3.45- 832 1,932 1,200 units $3.70- 4,440 1,080 units $5.20- 5,616 Totals 560 units @ $6.50- 3,660 units 3,640 $16,460 (8-d) 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.) Answer is complete but not entirely correct. Ending Inventory Cost of Goods Sold 3299 (a) Specific identification $ 2,464.00 $ 13,996.00 (b) Weighted average $ 2,160.00 $ 14,310.00 (c) FIFO + $ 3,120.00 $ 13,340.00 (d) LIFO $ 1,591.00 14.689.00 (e) Which method yields the highest net income? Specific identification Weighted average OFIFO LIFO O