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 Model: Inventory, January 1 Inventory Count, 1st 2nd 3rd December 31 A10 4 at $ 37 4 at $ 40 4 at $43 B15 8 at $91 4 at 82 3 at 88 6 at 95 E60 3 at 66 3 St 56 15 at 59 9 at 61 5 G83 7 at 240 6 at 248 5 at 258 10 at 257 1341 12 at 55 10 at 57 16 at 64 16 at 65 13 M90 2 at 110 2 at 112 3 at 130 3 at 132 5 Q70 5 at 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. 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 Unit Cost Total Cost 37 Model Quantity A10 A10 815 3 B15 6 E60 10 G83 134 M90 M90 Q70 Q70. A10 815 3 B15 6 E60 10 G83 334 M90 M90 970 37 43 Q70 Total 2. Determine the cost of the inventory on December 31 by the last-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 OLDEST units first Dymac Appliances Cost of the Inventory-LIFO Method Dymac Appliances Cost of the Inventory-LIFO Method Model Quantity A10 A10 B15 E60 E60 G83 G83 J34 J34 M90 M90 M90 Q70 Q70 December 31 Unit Cost Total Cost