Bulldog Appliances uses the periodic inventory system. Details regarding the inventory of appliances at August 1, 2014; purchases invoices during the year; and the inventory count at July 31, 2015, are summarized as follows:

Instructions 1. Determine the cost of the inventory on July 31, 2015, using the first-in, first-out method. Present data in columnar form, using the following headings: Model Quantity Unit Cost Total Cost 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. 2. Determine the cost of the inventory on July 31, 2015, using the weighted average cost method and using the columnar headings indicated in (1).