Data on the physical inventory of Moyer Company as of December 31, 2012, are presented below.

Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows:

Instruction
Determine the inventory at cost and also at the lower of cost or market, using the first-in, first-out method. Record the appropriate unit costs on an inventory sheet and complete the pricing of the inventory. When there are two different unit costs applicable to an item, proceed as follows:
1. Draw a line through the quantity, and insert the quantity and unit cost of the last purchase.
2. On the following line, insert the quantity and unit cost of the next-to-the-last purchase.
3. Total the cost and market columns and insert the lower of the two totals in the LCM column. The first item on the inventory sheet has been completed below as anexample.

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Inventory Quantity 38 Unit Market Price Description 112Aa B300t C39f Echo9 F900w H687 J023 L33y R66b S77x T882m Z55p 115 41 125 18 26 550 15 390 8 375 18 235 18 746 130 12 Last Purchases Invoice Next-to-the-Last Purchases Invoice Quantity Quantity Description Purchased Unit Cost Purchased Unit Cost 112Aa B300t C39f Echo9 F900w H687 J023 L33y R66b S77x T882m Z55p 80 118 5 78 25 35 20 150 10 100 10 500 80 30 20 25 100 10 100 70 24 560 14 384 25 565 15 385 250 20 750 500 50 4 75 21 260 19 749 100