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Accounting 201: Please help, i am not sure if i am correct. please show work....

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Accounting

Accounting 201: Please help, i am not sure if i am correct. please show work. thank you!

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4 Hansen Company uses the periodic inventory method and had the following inventory information available 1/ Beginning Inventory 1/20 Purchase 7/25 Purchase 10/20 Purchase Units 100 500 100 300 1000 Unit Cost $3 $4 $5 $6 Total Cost $ 300 2,000 500 1,800 $4.600 A physical count of inventory on December 31 revealed that there were 375 units on hand Instructions: Answer the following independent questions and show computations supporting your answers Assume that the company uses the FIFO method. The value of the ending inventory at December 31 is 2. Assume that the company uses the average cost method. The value of the ending inventory on December 3. Assume that the company uses the LIFO method. The value of the ending inventory on December 31 is 4. Determine the difference in the amount of income that the company would have reported if it had used the 31 is $_1840 2300 FIFO method instead of the LIFO method. Would income have been greater or less

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