Shanrock Company uses the periodic itwentory method and hast the following imentory infornution aivailable: A physical count of inventory on December 31 revealed that there were 400 units on hand. Answer the following independent questions: n Assume that the company uses the FIFO method. The value of the ending inveatory at December 31 is Type here to search Shanrock Company uses the periodic itwentory method and hast the following imentory infornution aivailable: A physical count of inventory on December 31 revealed that there were 400 units on hand. Answer the following independent questions: n Assume that the company uses the FIFO method. The value of the ending inveatory at December 31 is Type here to search A physical cocht of inventory on December 31 revealed that there were 400 uniti on h me. Answer the following independent questions. Question 32 1. Assume that the company uses the FiFO rivethod. The value of the ending inventory at December 31 is: 2. Assume that the compamy uses the Average-Cost method. The value of the ending inventory on December 31 is Vieving Question 33 3. Assume that the company uses the LIFO method. The value of the endine inventory on December 31 is 4. (a) Determine the difference in the amount of income that the company would have reported if it had used the FIFO method instead of the LIFO method. 4. Would income have been greater or less? (b) Question 36 (i)