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Dymac Appliances uses the periodic inventory system. Detalis regarding the inventory of appliances at January 1 , purchases invoices during the next 1 monthis, and

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Dymac Appliances uses the periodic inventory system. Detalis regarding the inventory of appliances at January 1 , purchases invoices during the next 1 monthis, and the inventory count at December 31 are summarized as follows: Required: 1. Determine the cost of the inventory on December 31 by the fint-in, first-out method: If the inventory of a particular model comprises one entire purchase plus a pertion of another purchase acquired at a different, unit cost, use a sepacate Iine for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTIY first

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