Ist 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, Inventory Count, Model 2nd 3rd January 1 December 31 A10 4 at $104 at $43 4 at $46 B15 8 at $87 4 at 78 3 at 84 6 at E60 3 at 75 3 at 65 15 at 68 9at 70 G83 7'at 231 6 at 239 5 at 248 134 12 at 77 10 at 79 16 at 87 119 2 at 1213 at 1393 at 141 5 at 156 4 at 166 4 at 171 7 at 176 Required: 16 at M90 2 at 070 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. Dymac Appliances Cost of the Inventory-FIFO Method December 31