Ch G HW how Me Haw Calculator Bock Dymac Appliances unen the pariadic inventory aystem. Details reqanding the inwentory of appliances aJanuary 1, purchanex invoicen during tha next 12 menths, and then inventory count at December 31 are summarized as followG Purchasu Inveice Taventory Count, Tmventory Model 2nd 3rd 1st Janary 1 December 31 44 A10 4 at 4 4 at 4 at 47 5 8 B15 8 at 94 4 at 3 at 91 6 at 98 7 E60 3 at 67 3 at 57 15 at 60 9 t 62 5 t238 at 25 10 257 7st 250 4 12 73 10 at 73 15 at 82 13 3 9 2 am 102 2 at 104 3 at 122 3 at 124 Q70 3 at 168 4 at 178 4 at 183 7 a 188 8 Required: 1. Determine the cost of the inventory on December 31 by the first-in, first-out method. If the inventery af a partinu iar model comprises one antine purchane plue a partion of anather purchane acquired atn differect unit eont, u f units are In inventary at two different coste, anter the unite PURCHASED MOST RECENTLY firet neparate ine for each purchane. Dymac Appliances Cost of the Inventory FIFO Mathad December 31 Hodul Unit Cost Total Coat Quantty 4 47 188 AIC 44 44 A10 on snnl B15 B13 1 91 91 ESD 9 13 134 NSO 3 2 NSO 7 1 Q70 Total 2. Detarmine the coat of the inventory an December 31 by the aat-in, firat-out mathod. f the inventory of a particulsr model comprises one entire purchase plus a portion of another purchase acquired at a different unit cost, use a separste ine for each purchase f unita ar in inventary at bwa differant costa wr th OLDEST unita firat. Dymac Apphancs Cest of the Inventory-LI FO Hethod Decembur 31 Model Total Coat Quantity Unit Cost 41 154 A10 44 44 A10 1 7 94 058 ESO E60 2 7 GB3 2 GD3 J34 12 1V 134 ... NO 2 2 MSO Q70 Q70 a Total 3. Determine the cost of the inventory on December 31 by the weighted average cost method Dymar Appliances Cost of the Tnveatory-Welghted Average Hethed Ducember 31 Modal Quantity Total Cost Unit Cost A10 44 220 7 93 G51 9 G83 13 J34 M40 70 Total 4a. Which inventory method would be preferred for income tax purposes in perieds of rising prices? LIFO 4b. Which inventory methed would be preferred for income tax purposes in perieds of dedining prices? FIFO