Periodic Inventory by Three Methods Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices duri follows: Purchases Invoices Model Inventory, January 1 1st 2nd 3rd Inventory Count, December 31 A10 4 at $ 33 4 at $ 36 4 at $ 39 5 B15 9 at $ 87 4 at 78 3 at 84 6 at 91 E60 7 3 at 67 3 at 57 15 at 60 9 at 62 5 G83 7 at 236 6 at 244 5 at 254 10 at 253 334 9 12 at 73 10 at 75 16 at 82 16 at 93 13 v 2 at 104 2 at 106 3 at 124 3 at 126 5 M90 070 Required: 5 at 158 4 at 168 4 at 173 7 at 178 B 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 the units PURCHASED MOST RECENTLY first. Dymac Appliances Cost of the Inventory-FIFO Method December 31 Quantity Unit Cost Total Cost $ 39 $ 148 Model A10 A10 36 34 X B15 91 594 B15 1 91 X 99 X E60 69 345 Check My Work Determine the cost of the inventory on December 31 by the first-in, first-out method. If the invertory of a particular model comprises one entire purchase plus a portion of another purchase ac the units PURCHASED MOST RECENTLY first. Dymac Appliances Cost of the Inventory-FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 4 39 148 x A10 1 36 34 X B15 6 91 594 x B15 1 91 99 X