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CUIUS Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases in 12 months, and the inventory count

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CUIUS Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases in 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 4 at $ 32 A10 4 at 4 at $ 35 $38 7 98 6 at 91 4 at 3 at $ 94 85 8 at B15 5 65 9 at 63 15 at 60 3 at 70 3 at E60 252 10 at 253 5 at 243 6 at 7 at 235 13 90 G83 16 at 16 at 89 82 10 at 5 80 12 at 130 3 at J34 128 3 at 110 2 at 108 181 2 at 7 at 176 M90 4 at 171 4 at 161 5 at Q70 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 stade separate line for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECE Dymac Appliances ory-FIFO Method cost of the Inventor -LIFO Method Model Quantity Unit cost Tota cost A10 $ A10 B15 E60 E60 G83 G83 J34 334 M90 M90 M90 070 Q10 TA Tota

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