Оuestion NO. I (A) Irish Company uses the periodic inventory method and had the following inventory information available: Total Cost $ 500 2,400 Units Unit Cost $5 S6 1/1 Beginning Inventory Purchase...

the question in the attached file

thanks

Extracted text: Оuestion NO. I (A) Irish Company uses the periodic inventory method and had the following inventory information available: Total Cost $ 500 2,400 Units Unit Cost $5 S6 1/1 Beginning Inventory Purchase 100 1/20 400 200 1,400 2.400 $6,700 7/25 Purchase S7 10/20 Purchase 300 1,000 S8 A physical count of inventory on December 31 revealed that there were 480 units on hand. Instructions Answer the following independent questions and show computations supporting your answers. 1. Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is $_ 2. Assume that the company uses the Average-Cost method. The value of the ending inventory on December 31 is $ 3. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is S