3. A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is? (The company uses the periodic inventory system) Using the information above, calculate the value of ending inventory when the company uses FIFO. Using the information above, calculate the value of ending inventory when the company uses Average Method