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could you please assit me with these questions the pictures have the instructions. Inve Dec 675 250 312 542 Periodic Inventory by Three Methods Pappa's

could you please assit me with these questions the pictures have the instructions.

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Inve Dec 675 250 312 542 Periodic Inventory by Three Methods Pappa's Appliances uses the periodic inventory system, Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are summarized as follows: Purchases Invoices Inventory Model January 1 2nd ard CSS $1,000 $1,054 3 $1,0603 $1,070 011 90 645 6 6666 22 5a 2403 2601 2601 6 3053 3103 KA? 61 5203 5496 533 222 ** 232 X74 35 6 37 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 fine for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first. Papp Appliance Costel the inventorytro Method December 31 Quantity Unt Com Total Cont Model 55 011 011 32 H. KA K47 533 14 Tot nventory 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 Cost of the Drventery LIFO Method December Quantity Unit C Total Com Model CSS C55 011 011 32 H29 K47 533 014 X24 TO 3. Determine the cost of the inventory on December 31 by the weighted average cost method. Cost of the inventory Weighted Method December Model Quantity Unitat Total Com C55 D11 732 H29 533 X74 Total would be preferred for income tax purposes in periods of declining prices. Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item CZ83 are as follows: January 1 Inventory 5 Sale 106 units @ $33 85 units 11 Purchase 118 units @ $37 21 Sale 99 units Assuming a perpetual inventory system and using the last- in, first-out (LIFO) method, determine (a) the cost of merchandise sold on January 21 and (b) the inventory on January 31. a. Cost of merchandise sold on January 21 b. Inventory on January 31 $

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