Coach You Problem 1 Hansen Company uses the periodic inventory method and had the following inventory information available: A physical count of inventory on December 31 revealed that there were 480 units on hand. Please show your work as you answer the questions below: 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