Ayay Company is the period bentory method what the following inventory Information witte 11 49 Beginning tentory Archase he Anche 25 1.485 475 1.710 10/20 56 970 Alyson count of imentary on December 31 revealed that there were 375 units on hand. Answer the following independent questions. (Nound verge cost per unit to 2 decimal places, s. 5.25 and final answers to decimal 2.5.200 1 2 $ 3 Assume that the company uses the FIFO method. The value of the ending inventory at December 31s Assume that the company uses the average-cost method. The value of the ending inventory on December 31 is Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is Determine the difference in the amount of income that the company would have reported if it had used the FIFO method instead of the LIFO method Would income have been greater or less? $ 4.a) $ 4 (b)