Spotter Corporation reported the following for June in its periodic inventory records Date Description Units Unit Cost Dune 1 Beginning Total Cost 11 Purchase 24 Purchase 30 Ending 40 24 28 $ 8.80 9.80 11.80 $140.80 392.00 283.20 Required 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.) Cost of Ending Cost of Goods Invento Sold FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? FIFO LIFO O Weighted Average Cost