Current Attempt in Progress Novak Corporation uses the periodic inventory system and had the following inventory information available: Unit Unit Cost Total Cost Jan 1 20 $5.00 $100 Begining inventory Purchase Jan 20 65 6.00 390 Jul 25 Purchase 35 3.00 105 Oct 20 Purchase 50 4.50 225 170 $820 A physical inventory count on December 31 showed that there were 61 units on hand, Answer the following independent questions and show calculations supporting your answers (Round answers to decimal places 5.275.) A physical inventory count on December 31 showed that there were 61 units on hand, Answer the following independent questions and show calculations supporting your answers: (Round answers to decimal places.es 5,275) (a) Assume that the company uses FIFO. The value of the ending inventory at December 31 is $ (b) Assume that the company used average cost. The value of the ending inventory on December 31 is $ (0Assume that the company uses average cost. The value of cost of goods sold for the year ended December 31 is $ (d) Assume that the company uses FIFO. The value of the cost of goods sold for the year ended December 31 iss e Textbook and Media Attempts of 3 used Submit