C 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 Quantity Unit Cost Total Cost Model A10 $ AIO BIS E60 E60 683 683 234 34 M90 MO M90 070 970 3. Determine the cost of the inventory on December 31 by the weighted average cost method. Dymac Appliances Cost of the Inventory-Weighted Average Method December 31 Model Quantity Unit Cost Total Cost AIO B15 E60 MO 4a. Which inventory method would be preferred for income tax C 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 Quantity Unit Cost Total Cost Model A10 $ AIO BIS E60 E60 683 683 234 34 M90 MO M90 070 970 3. Determine the cost of the inventory on December 31 by the weighted average cost method. Dymac Appliances Cost of the Inventory-Weighted Average Method December 31 Model Quantity Unit Cost Total Cost AIO B15 E60 MO 4a. Which inventory method would be preferred for income tax