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eBook Show Me How Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1 , purchases invoices 1 2
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Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January purchases invoices months, and the inventory count at December are summarized as follows:
tableModeltableInventoryJanuary tablePurchasesInvoices sttablePurchasesInvoices ndtablePurchasesInvoices rdtableInventory Count,December A at $ at $ at $B at $ at at at E at at at at G at at at at at at at at M at at at at Q at at at at
Required:
Determine the cost of the inventory on December by the firstin firstout method.
If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit separate line for each purchase. If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first.
Dymac Appliances
Cost of the InventoryFIFO Method
December
tableModelQuantity,Unit Cost,Total Cost
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