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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 600

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 units200 from each of the last three purchases.

Jan. 1 Beginning inventory 300 units @ $4.00 = $ 1,200
Mar. 7 Purchase 640 units @ $6.25 = 4,000
July 28 Purchase 1,280 units @ $6.50 = 8,320
Oct. 3 Purchase 1,160 units @ $7.00 = 8,120
Dec. 19 Purchase 720 units @ $8.90 = 6,408
Totals 4,100 units $ 28,048

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.) a)Specific Identification

b) Weighted Average

c) LIFO

d) FIFO

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