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 Inventory, January 1 Inventory Count, December 31 Model 1st 2nd 3rd A10 B15 E60 G83 8 at 3 at 7 at 12 at 2 at 5 at 4 at $ 176 4 at 75 3 at 242 6 at 240 10 at 108 2 at 1604 at $64 4 at 158 3 at 65 15 at 2505 at 246 16 at 110 3 at 1704 at $ 704 at 170 6 at 689 at 260 10 at 267 16 at 128 3 at 1757 at $ 76 184 70 259 270 130 180 134 M90 070 Required: 1. Determine the cost of the inventory on December 31 by the first-in, first-out method. 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 Model Quantity Unit Cost Total Cost A10 A10 B15 B15 G83 134 M90 M90 270 270 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 December 31 Quantity Unit Cost Total Cost Model A10 A10 B15 E60 E60 G83 134 134 M90 134 M90 M90 Q70 Q70 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 A10 B15 E60 G83 134 M90 Q70 Total