Spotter Corporation reported the following for June In its pentodic Inventory records June 1 Beginning22 $11.40 45 12.40 14.40 11 Purchasei 24 Purchase $250.80 558.80 532.80 37 0 Ending41 Required: 1 Calculate the cost of ending Inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, an methods. (Do not round your Intermedlate calculations. Round "Welghted Average Cost" to 2 FIFO LIFO Weighted Average Cost 2 Which of the three methods will lead to reporting the highest net income? FIFCo o Welghted Average Cost