Harlow Ltd uses the periodic inventory method and had the following inventory information available: Inventory information Units Unit cost 111 Beginning inventory 150 $4.00 20/1 Purchase 600 $4.40 25/7 Purchase 300 $4.20 20/10 Purchase 450 $4.80 A physical count of inventory on 31 December revealed that there were 500 units on hand. Ignore GST. Required: Answer the following independent questions. 1. Assume that the company uses the FIFO method. The value of the ending inventory at 31 December is $ 2. Assume that the company uses the average cost method. The value of the ending inventory on 31 December is $ 3. Assume that the company uses the LIFO method. The value of the cost of sales on 31 December is $_ (Type your response directly into the template in the text box below.) i B I ili III % o