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 InvoicesModelInventory,

January 11st2nd3rdInventory Count,

December 31A10__4 at$ 334 at$ 364 at$ 395B158 at$ 934 at843 at906 at977E603 at743 at6415 at679 at695G837 at2196 at2275 at23710 at2369J3412 at7310 at7516 at8216 at8313M902 at1062 at1083 at1263 at1285Q705 at1584 at1684 at1737 at1788

Required:

1.Determine the cost of the inventory on December 31 by thefirst-in, first-outmethod.

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.