Spotter Corporation reported the following for June in its periodic inventory records. 4 Unita Date Description June 1 Beginning 11 Purchase 24 Purchase 30 Ending 16 52 27 31 Unit Cost $9.40 10.40 12.40 Total Cost 5150.40 540.50 334.80 13 points Skepped Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the FIFO (D) UFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cout" to 2 decimal places) eto Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Com 2. Which of the three methods will lead to reporting the highest net income? FIFO UFO Weighted Average Cost