eBook Show Me How Print item Periodic Inventory by Three Methods Dymac Appliances uses the periodic Inventory system. Detalls 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 Involces Inventory, January 1 1st 2nd Model 3rd Inventory Count December 31 4 at 5.43 43 946 4 at A10 5 $49 8 at 815 $ 84 4 at 75 88 3 at 81 6 at 3 at 69 E60 3 at 59 15 62 9 64 7 at 238 6 at 683 246 5 at 256 10 a 255 334 12 at 68 10 st 70 16 at 78 27 16 at M90 201 105 2 at 107 3 at 125 3 at 127 070 5 at 155 4 at 165 4.at 170 7 at 175 Rani method of inventory costing based on the assumption that the costs of goods sold should be charged against revenue in the order in which the costs were incurred. 1. Determine the cost of the inventory on December 31 by the first in prst-out method If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit cont, se separate line for each purchase. If units are in inventory at two different contenter the units PURCHASED MOST RECENTLY Oymas Cost of the Inventory FIFO Method December as Model Quantity Unit Cost Total Cout A10 A10