Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units June 1 Beginning 17 11 Purchase 27 24 Purchase 31 30 Ending 35 Unit Cost $10.20 11.20 13.20 Total Cost $173.40 302.40 409.20 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 Inventory Sold FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? O FIFO 2. Which of the three methods will lead to reporting the highest net income? FIFO O LIFO Weighted Average Cost