Model January 1 1st 2nd 3rd December 31 C55 3 at $1,040 3 at $1,054 3 at $ 1,060 3 at $ 1,070 4 D11 9 at 639 7 at 645 6 at 666 6 at 675 11 F32 5 at 240 3 at 260 1 at 260 1 at 280 2 H29 6 at 305 3 at 310 3 at 316 4 at 317 4 K47 6 at 520 8 at 531 4 at 549 6 at 542 8 NO 533 - 4 at 222 4 at 232 2 X74 4 at 35 6 at 36 8 at 37 7 at 39 7 Required: 1. Determine the cost of the inventory on December 31 by the first-in, first-out m If the inventory of a particular model comprises one entire purchase plus a portion another purchase acquired at a different unit cost, use a separate line for each pur If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first. Pappa's Appliances Cost of the Inventory-FIFO Method December 31 Model Quantity Total Cost Unit Cost CSS C55 D11 D11 F32 F32 H29 K47 K47 S33 X74 Total