pp4 pg pp3 jpg (480 640 .#20 Exercise 6-14A Periodic: Cost flow assumptions LO P3 Lopez Company reported the ending following current- year data for its only product The company uses a periodic inventory system, and its inventory consists of 150 units-50 from each of the last three purchases 96 units $2.00 s 192 220 units 2.25495 544 units $2.5 1,360 480 units $2.86-1,344 an. 1 Beginning inventory Mar. 7 Purchase July 28 Purchase Oct3 Purchase Dec. 19 Purchase 160 units $2.9e 464 5 3,855 Totals 1,500 units 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.) (e) Firo Which method yields the highest net income? O Specific identification Weighted average FIFO IFO