Periodic Inventory by Three Methods Dymac Appliances uses the periodic inventory system. Details regarding the inventory of appliances at November 1, 2015, purchases in and the inventory count at October 31, 2016, are summarized as follows: Purchases Invoices Model Inventory, November 1 1st 2nd 3rd Inventory Count, October 31 A10 4 at $ 64 4 at $ 70 4 at $ 76 B15 6 8 at $ 176 4 at 158 3 at 170 6 at 184 8 E60 3 at 75 3 at 65 15 at 68 9 at 70 G83 5 7 at 242 6 at 250 5 at 260 10 at 259 334 9 12 at 240 10 at 246 16 at 267 16 at 270 M90 15 2 at 108 2 at 110 3 at 128 3 at 130 Q70 5 5 at 160 4 at 170 4 at 175 7 at 180 Required: 8 1. Determine the cost of the inventory on October 31, 2016, 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 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 October 31, 2016 Model Quantity Unit Cost Total Cost A10