Spotter Corporation reported the following for June in its periodic inventory records. Units Unit Cost 12 Date Description June 1 Beginning 11 Purchase 24 Purchase 32 Ending 38 Total Cost $ 96 342 22e 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 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