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Lopez Company reported the following curtentyear data for its only product. The company uses a periodic irventory system and its ending inventory consists of 480
Lopez Company reported the following curtentyear data for its only product. The company uses a periodic irventory system and its ending inventory consists of 480 units -160 from each of the last three purchases. (o-d) Determine the cost assigned to ending imventory and to cost of goods sold for the following (e) Which method yelds the highest net income? Complete this question by entering your answers in the tabs below. Dotermine the cost assigned to ending inventery and to cost of goods sold for the folioning. tentes be not isund bitermediate calculationis and cound your ansears to 2 decimal paces. Lopez Company reported the following current-year data for its only product. The company uses a penodic imventory system, and its ending inventory consists of 490 units - 160 from each of the last three purchases (0-d) Determine the cost assigred to ending irventory and to cost of goods sold for the following: (e) Which niethod yields the highest net income? Complete this question by entering your anwwers in the tabs befow
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