Details regarding the inventory of appliances at January 1, 20Y7, purchases invoices during the year, and the inventory count at December 31, 20Y7, of Icelander Appliances are summarized as follows: Determine the cost of the inventory on December 31, 20Y7, 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 line for each purchase. Under FIFO, if a model is in inventory at two different costs, enter the remaining units that were purchased most recently first