12,000 10.5 8,000 10.66 c) Aviemore Ltd is a wholesaler of fence panels. In the year to 31 December 20X2 it sold 24,000 panels. It purchased panels throughout the year as shown below: 1 January 20X2 31 March 20X2 Number of Unit Price Units 2 June 20X2 6,000 11.12 8 November 20X2 5,500 11.27 i) What is the value of inventory using the FIFO method of inventory valuation? (3 marks) ii) What is the value of inventory using the average cost method of inventory valuation