ES Exercise 204 Whispering Winds Company uses the periode inventory method and had the following inventory information available: Unit Cost $4 1/1 Beginning Inventory 1/20 Purchase 7/25 Purchase 10/20 Purchase Unita 118 590 118 354 1,180 $5 $7 Total Cost $472 2.0 826 2,832 $7,000 A physical count of inventory on December 31 revealed that there were 413 units on and Answer the following independent questions. (Round average cost per unit to 2 decimal places. 5.25 and final answers to decimal places, 4.9.2.520.) 12 Assume that the company uses the FIFO method. The value of the ending inventory at December 31 2. Assume that the company uses the average cost method. The value of the ending inventory on December 31 $ 3 Asume that the company was the LIFO method. The value of the ending inventory on December 31 4(a) Determine the difference in the amount of income that the company would have reported rathad used the Furo method instead of the LIPO method $ 4. (b) Would income have been greater or less Click if you would like to Show Work for this questions on Show Work