Sheridan Company uses the periodic inventory method and had the following inventory information available: 1/1 1/20 7/25 10/20 1 N 2. 3. Beginning Inventory Purchase 4. (a) Purchase 4. (b) Purchase Units 114 456 228 342 1,140 Unit Cost Textbook and Media $6 $7 $8 $9 A physical count of inventory on December 31 revealed that there were 550 units on hand. Answer the following independent questions. (Round average per unit cost to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 1,525.) Total Cost $684 3,192 1,824 3,078 Would income have been greater or less? $8,778 Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is Assume that the company uses the Average-Cost method. The value of the ending inventory on December 31 is Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is Determine the difference in the amount of income that the company would have reported if it had used the FIFO method ins