eBook Calculator Periodic Inventory by Three Methods Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the next 12 months, and the inventory count at December 31 are summarized as follows: Purchases Invoices Inventory Model Ist 2nd 3rd Inventory Count, December 31 January 1 ALO $424 at 4 6 at $394 at 78 3 at 56 15 at $45 91 315 Bat 7 12 0 2 at 5 at 4 at 587 40 66 3t 221 57 100 20 20 167 at M90 070 59 160 122 3 1724 06 16a 140 30 1827 at 142 187 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 at a different unit cost, use a separate line for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first 03:34 acer Calculator 1 eBook Q70 Q70 Total 3. Determine the cost of the inventory on December 31 by the weighted average cost method. Dymac Appliances Cost of the Inventory-Weighted Average Method December 31 Quantity Unit Cost Total Cost Model A10 815 E60 070 would be preferred for income tax purposes in periods of rising prices Check My Work Previous Next > 03:34 Hom