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Purchases Invoices Model Inventory, January 1 1st 2nd 3rd Inventory Count, December 31 A10 $36 4 at $39 B15 8 at 3 at $85 74

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Purchases Invoices Model Inventory, January 1 1st 2nd 3rd Inventory Count, December 31 A10 $36 4 at $39 B15 8 at 3 at $85 74 4 at 4 at 3 at 89 69 E60 G83 $334 at 76 3 at 64 15 at 236 5 at 67 16 at 103 3 at 167 4 at baths 65 82 6 at 67 9 at 246 10 at 74 16 at 1213 at 1727 at 134 10 at M90 75 123 177 N 2 at 4 at Q70 5 at 157 Required: Dymac Appliances Cost of the Inventory-FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 A10 B15 B15 E60 G83 134 M90 M90 Q70 Q70 Total 2. Determine the cost of the inver Dymac Appliances Cost of the Inventory-LIFO Method December 31 Model Quantity Unit Cost Total Cost A10 A10 B15 E60 E60 G83 G83 134 234 M90 M90 M90 270 Q70 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 A10 B15 E60 G83 334 M90 270 Total would be preferred for income tax purposes in periods of rising prices

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