Periodic Inventory by Three Methods Oymac Appliances uses the periodic Inventory system. Details regarding the inventory of places at January 1, surchases invoices during the next 12 months, and the inventory count at December 31 are summarized as follows Purchases Invoices Model Inventory, January 1 14 2nd 3rd Inventory Count December 31 A10 4 at $ 45 $ 51 5 615 at S95 4 M 16 at 92 6 M 90 7 ERO 3a 85 at 55 15 at 58 at 60 5 G83 7M 242 6 at 250 Sat 260 10 at 2:59 9 134 12 at 32 10. 34 16 a 91 16 at 92 13 M90 21 105 20 107 at 125 Bat 127 5 070 164 4 at 124 4 179 70 Required 1. Determine the cost of the inventory on December 31 by the first in tout method If the inventory of a particular model comprises one entire propose plus a portion of another purchase acquired at different unit cost de a separate line for each purchase of units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY first Dymac Appliance Cost of the inventory FIFO Muthod December Quantity Unit Cost Total Cost Model A10 A10 615 Check My Work Previous All work savad Save and can Submit Assignment for Gradine Required: 1. Determine the cost of the inventory on December 31 by the stormend of the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired to rent unit cot use a separate line for each purchase II units are in inventory at two different costs, enter the PURCHASED MOST RECENTLY Dymac Appliance Cost of the Tnventory FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 AID BIS 660 GBB 334 HO HO 070 070 Total 2. Determine the cost of the inventory on December 31 by the method of the mentory of a particular model compresone entire purchase plus a portion of another chase cuired at a different unit couture line for each purchase. I are inventory different cost, enter the OLDEST inte first Total 2. Determine the cost of the inventory on December 11 by the artist method If the inventory of a particular model comprises one entire purchase plus portion of another purchase acquired at a different unit cost, we a separate ine for each purchase. I units are in inventory at we . derent costs, enter the OLDEST units first Dymac Appliances Cont of the Inventory. Method December 31 Hodel Quantity Unit Cost Total Coat A10 AID 015 10 E60 583 254 334 MO MOG M90 070 970 Total 3. Determine the cost of the inventory on December by the weighted average cost method 334 334 MO MSO M90 070 070 Total 3. Determine the cost of the inventory on December 31 by the weighted average cost method Dymac Appliances Cost of the Inventory-Weighted Average Method December 31 Model Quantity Unit Cost Total Cost ALO B15 E60 G83 134 M90 070 Total would be preferred for income tax purposes in periods of ring prices