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Periodic Inventory by Three Methods Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the next 12 months, and the inventory count at December 31 are summarized as follows: Purchases Invoices Model Inventory, January 1 1st 2nd 3rd Inventory Count, December 31 A10 4 at $ 37 4 at $ 40 4 at $ 43 5 B15 8 at $ 95 4 at 86 3 at 92 6 at 99 7 E60 3 at 65 3 at 55 15 at 58 9 at 60 5 G83 7 at 237 6 at 245 5 at 255 10 at 254 9 134 12 at 84 10 at 86 16 at 93 16 at 94 13 M90 2 at 114 2 at 116 3 at 134 3 at 136 5 Q70 5 at 159 4 at 169 4 at 174 7 at 179 8 Required: Required: 1. Determine the cost of the inventory on December 31 by the first-in, first-out method. If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit cost, use a separate line for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first. Dymac Appliances Cost of the Inventory-FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 4 $ 43 $ 172 A10 1 43 129 B15 6 99 1,104 x B15 1 99 340 X E60 5 70 X 350 G83 259 X 2,331 134 15 270 4,050 x M90 3 130 390 M90 2 128 X 256 270 7 180 1,260 x 070 1 175 175 X Total $ 10,700 X 2. Determine the cost of the inventory on December 31 by the last-in, first-out method. If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit cost, use a separate line for each purchase. If units are in inventory at two different costs, enter the OLDEST units first. Dymac Appliances Cost of the Inventory-LIFO Method December 31 Model Quantity Unit Cost Total Cost A10 4 $ 64 X $ 256 A10 2 70 140 X B15 8 176 1,408 X E60 3 75 X 225 E60 2 65 X 130 G83 7 242 1,694 X G83 2 250 500 134 12 240 X 2,880 x 134 3 246 738 M90 2 108 x 216 x M90 2 110 220 X M90 1 128 128 X 070 5 160 X 800 no 2 170 y 510 y M90 1 128 X 128 X Q70 5 5 160 x 800 x Q70 3 170 x 510 X Total $ 9,845 X 3. Determine the cost of the inventory on December 31 by the weighted averag Dymac Appliances Cost of the Inventory-Weighted Average Method December 31 Model Quantity Unit Cost Total Cost A10 6 X $ 70 X $ 420 X B15 8 X 174 X 1,392 X E60 5 69 X 345 X G83 9 253 X 2,277 X 134 15 X 258 X 3,870 X M90 5 121 X 605 X Q70 8 172 X 1,376 X Total $ 10,285 x