K47 531 1,062 140 108 17,789 36 3. Determine the cost of the inventory on December 31, 2016, by the weighted average cost method Pappa's Appliances Cost of the Inventory-Weighted Average Method December 31, 2016 Model Quantity Unit Cost Total Cost V$ 1,056 4,224 011 533 Total Y would be preferred for income tax purposes in periods of declining prices All work saved ? P11 7 8 3 4