Question: Thor Ltd uses the periodic inventory method and had the following inventory information available: A physical count of inventory on 28 February 2022 revealed that

 Thor Ltd uses the periodic inventory method and had the following

Thor Ltd uses the periodic inventory method and had the following inventory information available: A physical count of inventory on 28 February 2022 revealed that there were 2,100 units on hand. Ignore GST. Required: Answer the following independent questions. 1. Assume that the company uses the FIFO method. The value of the ending inventory at 28 February 2022 is $. (1 Mark) 2. Assume that the company uses the average cost method. The value of the ending inventory on 28 February 2022 is ? ( 1 Mark 3. Assume that the company uses the LIFO method. The value of the ending inventory on 28 February 2022 is \$\$. ( 1 Mark) 4. Assume that the company uses the FIFO method. The value of the cost of sales on 28 February 2022 is \$. ( 2 Marks)

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