Exercise 204 Faster Company uses the periodic inventory method and had the following inventory information available Units Unit Cost Total Cost 1/1 Beginning Inventory 1/20 Purchase 7/25 Purchase 10/20 Purchase 15 60 30 45 150 $8.00 $8.80 $8.40 $9.60 $120 528 252 432 $1,332 A physical count of inventory on December 31 revealed that there were 55 units on hand Answer the following independent questions. (Round per unit cost calculations to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 125.) 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. Assume that the company uses the FIFO method. The value of the cost of goods sold at December 31 is