Ayayai Company uses the periodic inventory method and had the following inventory information available: A physical count of irwentory on December 31 revealed that there were 280 units on hand. Answer the following independent questlonis, tRound average cost per unit to 2 decimal places, e.8. 5.25 and final answers to 0 decimal places, e.g. 2,520.) 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 imentory on December 31 is 3. Assume that the company uses the LiFO method. The value of the ending imventoryon December 31 is 4. (a) Determine the difference in the amount of income that the company would hive reported it it had used the FFO method instead of the LIFO method 4. (a) Determine the difference in the amount of income that the compary would have reported if it has used the FIFO method instead of the LIFO method