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 inventory count at December 31 are summarized as follows: Model A10 B15 E60 G83 334 M90 Q70 Required: Model A10 Inventory, January 1 A10 8 at 3 at 7 at 12 at 2 at 5 at $85 73 Quantity 220 55 102 159 1st 4 at 4 at $ 3 at 6 at 10 at 2 at 4 at December 31 Purchases Invoices $43 76 63 228 57 104 169 Unit Cost 2nd 4 at $ 3 at 15 at Dymac Appliances Cost of the Inventory-FIFO Method 5 at 16 at 3 at 4 at $ 46 82 66 238 64 122 174 3rd Total Cost 4 at 6 at 9 at 10 at 16 at 3 at 7 at $49 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. 89 68 237 65 124 179 Inventory Count, December 31 5 75935 13 8 Previous

Periodic Inventory by Three Methods Oymac Applances uses the periodic inventory system. Detalls regarding the inventory of appliances at January 1, punchases invoices during the next 12 months, and inventory count at December 31 are summarized as follows: Mequireat 1. Determine the cost of the inventory on December 31 by the first-ln, first-out method. If the inventory of a particular modei 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 firnt