P Flag question Flashy Ltd uses the periodic inventory method and had the following inventory information available: Inventory information Units Unit cost 11 Beginning inventory 600 $4.40 20/1 Purchase 150 $4.00 25/7 Purchase 450 $4.80 20/10 Purchase 200 $4.20 A physical count of inventory on 31 December revealed that there were 400 units on hand, Ignore GST Required: Answer the following independent questions. 1. Assume that the company uses the LIFO method. The value of the cost of sales at 31 December is $ 2. Assume that the company uses the average cost method. The value of the ending inventory on 31 December is $ 3. Assume that the company uses the FIFO method. The value of the cost of sales on 31 December is $ (Type your response directly into the template in the text box below) B MacB