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, Inventory Count, Model 1st 2nd 3rd January 1 December 31 A10 B15 E60 G83 J34 M90 Q70 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. 4 at 41 4 at 44 4 at $ 47 8 at 92 4 at 83 3 at 89 6 at 96 69 3 at 59 15 at 69 at64 7 at214 6 at 222 5 at 232 10 at 231 75 10 at 77 16 at 84 16 at 85 2 at 109 2 at 111 3 at 129 3 at 131 5 at 162 4 at 172 4 at 1777 at182 3 at 9 12 at 13 8 Dymac Appliances Cost of the Inventory-FIFO Method December 31 Model Quantity A10 A10 B15 B15 E60 G83 J34 M90 M90 Q70 Q70 Total Unit Cost Total Cost