Periodic Inventory by Three Methods Dymac Applances 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 Model Inventory January 1 1st 2nd 3rd Inventory Count December 31 A10 4 at $ 32 4 at $ 35 5 B15 Bat $94 4 at 85 3 at 92 6 at 98 2 E60 3 at 73 63 15 at 9 at 68 5 683 7 at 234 6 at 242 5 at 252 10 at 251 334 12 at 72 10 at 74 16 at 16 at 82 M90 2 102 2 at 104 3 at 122 3 at 124 5 Q70 Sot 161 4 at 171 4 at 176 7 at 181 Required: 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 num 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 Model Quantity Unit Cost Total Cost A10 A10 515 B15 060 GB3 134 M90 M90 070 070 Total Check My Work 3 more Check My Worses ng Previous Next > 2. Determine the cost of the inventory on December 31 by the test method If eventory of a particular model comprises one entire purchase plus a portion of another purchase acquired afferent unico, aperte line for each purchants are in inventory to afferent costs, enter the OLDEST units first Dymac Appliances Cost of the Inventory-UITO Method December Moul Unit C Total A10 A10 E60 EDO G G 134 334 M90 MO Previous Next Chapter 7 Homework eBook Print Item 070 070 Total 3. Determine the cost of the inventory on December 31 by the weighted average cost method. Dymac Appliances Cost of the Inventory-weighted Average Method December 31 Model Quantity Unit Cost Total Cost AIO B15 E60 G83 334 M90 070 Total 4. would be preferred for income tax purposes in periods of rising prices