***Determine the cost of the inventory on December 31, 20Y7, by the last-in, first-out method, following the procedures indicated in (1). Under LIFO, if a model is in inventory at two different costs, enter the remaining units that were purchased earliest first.

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 2. Determine the cost of the inventory on December 31, 20Y7, by the last-in, first-out method, following the procedures indicated in (1). Under LIFO, if a model is in inventory at two different costs, enter the remaining units that were purchased earliest first. Last-In, First-Out Method Quantity Model Unit Cost Total Cost 64 256 V 304X 1,104X 350X 350X 2,331 X A10 4 76 X 184 X 70 X 70 X 259 X B15 6 X E60 G83 4,050 X 15 X 270 X 134 130 X 390 X M90 Q70 Total