Spotter Corporation reported the following for June in its periodic inventory records. Total Cost $140.80 392.00 283.20 Date June 1 Description Beginning Purchase Purchase Units 16 40 24 28 Unit Cost $ 8.80 9.80 11.80 11 24 30 Ending 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 fi nal answers to 2 decimal places.) Cost of Ending Inventory Cost of Goods Sold FIFO LIFO Weighted Average Cost 2. Which of the three methods will lead to reporting the highest net income? O FIFO O LIFO Weighted Average Cost