Periodic Inventory by Three Methods Pappa's Appliances uses the periodic inventory system. Details regarding the inventory of appliances at January 1, purchases invoices during the year, and the inventory count at December 31 are summarized as follows: Model C55 D11 F32 H29 K47 S33 X74 Required: Inventory, January 1 3 at 9 at 5 at 6 at 6 at 4 at $ 1,040 Check My Work 639 7 at 240 520 3 at 305 3 at - 35 3 at 8 at 4 at 6 at 1st Purchases Invoices $ 1,054 645 260 310 531 3 at 6 at Pappa's Appliances 1 at 3 at 4 at 222 4 at 36 8 at 2nd $ 1,060 666 260 316 549 232 3 at 6 at 1 at 4 at 6 at 37 7 at 3rd $ 1,070 675 280 317 542 39 Inventory Count, December 31 4 11 2 4 8 2 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. 7 Previous

count at Dectmber 31 are sumimarced as follows: 1. Determine the cost of the inventery on Oecember 31 by the first-in, fint out method: count at December 3t are summarited as follow: Required