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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 next 12 months, and the Inventory count at December 31 are summarized as follows: Purchases Invoices Model Inventory, January 1 Ist 2nd 3rd Inventory Count, December 31 A10 4 at $ 31 4 at $ 34 $ 37 5 B15 8 at $ 93 4 at 84 3 at 90 6 at 97 7 E60 3 at 67 3 at 57 15 at 60 9 at 62 5 GB3 7 at 226 6 at 234 5 at 244 9 10 at 243 334 12 at 68 10 at 70 16 at 16 at 13 78 M90 2 at 119 2 at 121 3 at 139 3 at 141 5 5 at 070 169 4 at 179 4 at 184 7 at 189 8 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. 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 Cost of the Inventory-FIFO Method December 31 Model Quantity Unit Cost Total Cost A10 A10 B15 B15

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