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 31 315 160 4 at $394 at 8 at $87 4 at 78 3 at Jut66 at 56 15 at 7 at 221 at 229 Sat 12 at SZ 10 at 59 16 at 2 at 120 2t 1223 at 5 at 1674 at 177 4 at $424 at 84 6 at 599 at 239 10 at 66 16 at 1403 at 1827 at $45 91 61 238 67 142 187 070 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 Dymac Appliances Check My Work 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 Pirst, Dymac App Cost of the Inventory-FIFO Method Model Quantity Unit Cast Total cost ALO A10 815 315 E60 134 M90 070 Check My Work 10: 2. Determine the cost of the inventory on December 31 by the last-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 OLDEST units first. Cost of the Inventory-LIFO Method Model Quantity Unit Cost - Total cost ALO AIO 815 134 M90 DO Check My Work