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Shoot-em Dead Ammunition Supplies Company uses the periodic inventory method for tracking their inventory of armor-piercing bullets and had the following inventory information available: A

image text in transcribed Shoot-em Dead Ammunition Supplies Company uses the periodic inventory method for tracking their inventory of armor-piercing bullets and had the following inventory information available: A physical count of inventory on December 31 revealed that there were 400 boxes on hand. Instructions Answer the following independent questions and show computations supporting your answers. 1. Assume that the company uses the FIFO method. The value of the cost of goods sold for the year is $ 2. Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is $ 3. Assume that the company uses the Average-Cost method. The value of the cost of goods sold for the year is $ 4. Assume that the company uses the Average-Cost method. The value of the ending inventory on December 31 is $ 5. Assume that the company uses the LIFO method. The value of the cost of goods sold for the year is $ 6. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is \$

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