Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units June 1 Beginning 20 11 Purchase 66 24 Purchase 34 30 Ending 38 Unit Cost $10.80 11.80 13.80 Total Cost $216.00 778.80 469.20 5 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (D) LIFO, and (c) weighted ave methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.) Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? FIFO LIFO Weighted Average Cost