inventory method and had the following purchases of toy trucks during the month of December. Tondo sold 84 trucks during the month. Unit Cost $40 $45 $50 $60 Units Date Transaction 12/1 12/8 12/15 Purchase No. 2 12/26 Purchase No. 3 10 45 30 15 Beginning inventory Purchase No. 1 Instructions: Answer the following independent questions. Show supporting computations. 1. How much is the dollar value of the ending inventory on December 31 if the average cost method is used? How much is the dollar value of the ending inventory on December 31 and the cost of goods sold during December if the LIFO inventory method is used? 2. How much is the dollar value of the ending inventory on December 31 and the cost of goods sold during December if the FIFO inventory method is used? 3