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: Model A10 B15 E60 G83 134 M90 Q70 Required: Inventory, January 1 8 at 3 at 7 at 12 at 2 at 5 at $95 68 231 105 1st 160 4 at 4 at 3 at 6 at 239 53 10 at 55 Purchases Invoices 2 at $ 38 2nd 86 3 at 4 at 58 15 at 4 at 170 5 at 16 at 107 3 at 4 at $41 92 6 at 249 3rd 61 9 at 62 4 at 125 10 at 16 at 3 at 175 7 at $ 44 99 63 248 63 127 180 Inventory Count, December 31 5 7 5 9 13 5 8 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.

( I thought i had it down, but apparently not! I really just need some help understanding what i did wrong! :) )

3. Determine the cost of the inventory on December 31 by the weighted overage cost method. 4. would be preferred for income tax purposes in periods of rising prices. Perlodic thventery by Miree Methods ceunt at Decertser 3s are summarted at follisen: rquirea