Spotter Corporation reported the following for June in its periodic inventory records Date Description Units Unit Cost Total Cost June 1 Beginning 11 Purchase 24 Purchase 30 Ending 13 30 23 27 8.60 $111.80 288.00 266.80 9.60 11.60 Required 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Round your intermediate calculations and final answers to 2 decimal places.) Answer is complete but not entirely correct. Cost of Ending Invento Cost of Goods Sold FIFO LIFO Weighted Average 295.60 X$ 371.00 275.00$391.60 272.70$ 393.90 Cost 2. Which of the three methods will lead to reporting the highest net income? FIFO OLIFO Weighted Average Cost