***Determine the cost of the inventory on December 31, 20Y7, by the average cost method.

Inventory by Three Cost Flow Methods Details regarding the inventory of appliances on January 1, 20Y7, purchases invoices during the year, and the inventory count on December 31 20Y7, of Amsterdam Appliances are summarized as follows: Purchases Invoices Inventory, Inventory Count, 3rd 4 at $76 6 at 184 1st 4 at $ 64 4 at 158 3 at 65 6 at 250 10 at 246 2 at 110 4 at 170 2nd 4 at $ 70 3 at 170 15 at 689 at 70 5 at 260 16 at 267 3 at 128 4 at 175 ModelJanuary 1 December 31 A10 B158 at $176 E60 G83 134 M90 Q70 5 at 160 8 3 at 75 7 at 242 12 at 240 2 at 108 10 at 259 16 at 270 3 at 130 7 at 180 15 8 3. Determine the cost of the inventory on December 31, 20Y7, by the average cost method. Average Cost Method Quantity Model A10 B15 E60 G83 Unit Cost Total Cost 140 X 134 M90 Q70 Total