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 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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