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Persdic eventory by three methods fotlowit? 1. Determina the cost of the imbentont sn becimber 31 by the firstin, iritiout method the unint pulicised mosi ececetly hrat 2. Decarmine the cost of the inventory on Deceniber 31 by the last-in, firtr-eut method. te oubdit units frit. Determine the cost of the inventory on December 31 by the weighted average cost method. Dymac Appliances 4a. Which inventory method would be preferred for income tax purposes in periods of rising prices? 4b. Which inventory method would be preferred for income tax purposes in periods of declining prices? Persdic eventory by three methods fotlowit? 1. Determina the cost of the imbentont sn becimber 31 by the firstin, iritiout method the unint pulicised mosi ececetly hrat 2. Decarmine the cost of the inventory on Deceniber 31 by the last-in, firtr-eut method. te oubdit units frit. Determine the cost of the inventory on December 31 by the weighted average cost method. Dymac Appliances 4a. Which inventory method would be preferred for income tax purposes in periods of rising prices? 4b. Which inventory method would be preferred for income tax purposes in periods of declining prices