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Periodic Inventory by Three Methods Dymac Appliances uses the periodic Inventory system. Detalls regarding the inventory of appliances at January 1, purchases invoices during the

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Periodic Inventory by Three Methods Dymac Appliances uses the periodic Inventory system. Detalls 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 $ 35 4 at $ 38 4 at $ 41 5 B15 Bat $82 4 at 73 3 at 79 6 at 86 7 E60 3 at 71 3 61 15 at 64 9 at 66 5 G8 7 at 214 6 at 222 Sat 232 10 at 231 9 234 12 at 74 10 at 76 16 at 83 16 at 84 13 M90 2 at 114 2 at 116 3 at 134 3 136 5 070 Sat 167 4 at 177 4 at 182 7 at 187 B 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 Durchase. 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 Line Dymac Appliances Cost of the Inventory-FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 4 $ 41 A10 38 B15 6 86 B15 79 E60 UT 5 G83 9 231 J34 84 Accounting numeric field 3 136 M90 M90 2 134 Q70 7 187 070 1 1827 Total $ Datorming Dymac Appliances Cost of the Inventory-LIFO Method December 31 Model Quantity Unit Cost Total Cost A10 $ $ A10 B15 E60 3 E60 2 G83 7 G83 2 334 12 J34 M90 2 Accounting numeric field M90 M90 270 5 Q70 3 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 X $ B15 X E60 5 G83 9 334 M90 5 070 GO Total fo

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