Spotter Corporation reported the following for June in its periodic inventory records.

Spotter Corporation reported the following for June in its periodic inventory records Date Description Units Unit Cost Total Cost June 1 Beginning 22 $11.40 45 37 41 $250.80 558.00 532.80 11 Purchase 24 Purchase 30 Ending 12.40 14.40 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 Sold Invent FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income