Faster Company uses the periodic inventory method and had the following inventory information available. The date, type, number of units, cost per unit and total cost are given. 1/1 15 $8.00 $ 120 Beginning Inventory 1/20 Purchase 60 528 7/25 Purchase 30 $8.80 $8.40 $9.60 252 10/20 Purchase 45 432 $1,332 150 A physical count of inventory on December 31 revealed that there were 60 units on hand. Instructions Answer the following independent questions and show computations supporting your answers. 1) Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is $??. Type in your answer and the calculations below. Clearly label this as the answer to item 1). 2) Assume that the company uses the Average Cost method. The value of the ending inventory on December 31 is $??. Type in your answer and the calculations below. Clearly label this as the answer to item 2). 3) Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is $??. Type in your answer and the calculations below. Clearly label this as the answer to item 3)