Carla Vista Company uses the periodic inventory method and had the following inventory information available:

				Units		Unit Cost			Total Cost
1/1		Beginning Inventory		96		$7			$672
1/20		Purchase		384		$8			3,072
7/25		Purchase		192		$9			1,728
10/20		Purchase		288		$10			2,880
				960					$8,352

A physical count of inventory on December 31 revealed that there were 460 units on hand. Answer the following independent questions. (Round average per unit cost to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 1,525.)

1.		Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is		$enter a dollar amount rounded to 0 decimal places
2.		Assume that the company uses the Average-Cost method. The value of the ending inventory on December 31is		$enter a dollar amount rounded to 0 decimal places
3.		Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is		$enter a dollar amount rounded to 0 decimal places
4. (a)		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.		$enter a dollar amount rounded to 0 decimal places
4. (b)		Would income have been greater or less?

Carla Vista Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Total Cost 1/1 96 57 $672 Beginning Inventory Purchase 1/20 384 $8 3,072 7/25 Purchase 192 $9 1.728 10/20 Purchase 288 $10 2,880 960 $8,352 A physical count of inventory on December 31 revealed that there were 460 units on hand, Answer the following independent questions. (Round average per unit cost to 2 decimal places, es 15.25 and other answers to decimal places, 3. 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 twentory on December 311s 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. (b) Would income have been greater or less? arla Vista Company uses the periodic inventory method and had the following inventory information available: Units Unit Cost Total Cost 1/1 Beginning inventory 96 $7 $672 1/20 Purchase 384 $8 3,072 7/25 Purchase 192 $9 1,728 10/20 Purchase 288 $10 2,880 960 $8,352 A physical count of inventory on December 31. revealed that there were 460 units on hand. Answer the following independent questions. (Round average per unit cost to 2 decimal places, es 15.25 and other answers to decimal places, eg. 1,525.) le value of the ending inventory at December 31 is S athod. The value of the ending inventory on December 31 is S e value of the ending inventory on December 31 is $ hat the company would have reported if it had used the FIFO method instead of the LIFO method. $