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Can you please help me with those questions. A physical count of inventory on December 31 revealed that there were 600 units on hand Answer

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A physical count of inventory on December 31 revealed that there were 600 units on hand Answer the following independent questions. (Round average per unit cost to 2 decimal ploces, eg. 15.25 and other answers to 0 decimal ploces, es. 1,525.) 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 4. (a) Determine the difference in the amount of income that the company would have reported if it had used the FIFO method ins 4. Would income have been greater or less? t of inventory on December 31 revealed that there were 600 units on hand. lowing independent questions. (Round average per unit cost to 2 decimal places, eg. 15.25 and other answers to 0 decimal e ending inventory at December 31 is alue of the ending inventory on December 31 is the ending inventory on December 31 is mpany would have reported if it had used the FIFO method instead of the LIFO method. tbook and Media Attempts: 0 of 3 used Current Attempt in Progress Pharoah Co, uses a periodic inventory systhm. Its records show the following for the month of May, in which 126 units were sold. Compute the ending imventory at May 31 and cost of goods sold using the FIFO and LIFO methods Carla Vista Company reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO

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