McGuire Company uses the periodic inventory method and had the following inventory information available: Units e Unit Costa e Total Coste e 1/1 Beginning Inventory 100 $40 $ 4002 1/20 Purchase 400 $52 2,000e 7/25 Purchase 200 $72 1,400 e 10/20 Purchase 300 $82 2,4002 1,000+ $6,200-e A physical count of inventory on December 31 revealed that there were 400 units on hand. Answer the following independent questions and show calculations supporting your answers. 1. Assume that the company uses the FIFO method. What is the value of the ending inventory at December 31? (3 marks) ANSWER 2. Assume that the company uses the FIFO method. What is the value of the Cost of Goods Sold for the year ended December 31? (3 marks) ANSWER 3. Assume that the company uses the Weighted Average method. What is the value of the ending inventory on December 31? (3 marks) ANSWER 4. Assume that the company uses the specific invoice price method. The ending inventory is 125 units from the January 20 purchase and 275 units from the October 20 purchase. What is the value of the Cost of Goods Sold for the year ended December 31