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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

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
Model Inventory, January 1 1st 2nd 3rd Inventory Count, December 31
A10 __ 4 at $ 29 4 at $ 32 4 at $ 35 5
B15 8 at $ 93 4 at 84 3 at 90 6 at 97 7
E60 3 at 69 3 at 59 15 at 62 9 at 64 5
G83 7 at 228 6 at 236 5 at 246 10 at 245 9
J34 12 at 81 10 at 83 16 at 90 16 at 91 13
M90 2 at 119 2 at 121 3 at 139 3 at 141 5
Q70 5 at 161 4 at 171 4 at 176 7 at 181 8

Required:

3. Determine the cost of the inventory on December 31 by the weighted average cost method.

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