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Periodic Inventory by Three Methods Pappa's Appliances uses the periodic inventory system. Details regarding the...

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Periodic Inventory by Three Methods Pappa's Appliances uses the periodic inventory system. Details regarding the inventery of appliances at January 1, 2016, purchases invoices during the year, ard the inventory count at December 31, 2016, are summarized as follows: Purchases Invoices Inventory Count December 31 Model January 1 at 1,040 3a $1,054 3,0603$1,070 9 at $639 7a 645 6 at 66 6a65 011 240 3 a 05 3 at 520 8 260 1 a 316 317 49 6 at 542 222 4 at Required: t. Determine the cost of the inventory on December 31, 2016, by the first-in, first-out method lf the nventory of particular model comonses one entire purchase plus portion of another purchase acoured at a dmerent unt cost, use for each purchase. f units are in inventory at two different enter the units PURCHASED MOST RECENTLY first units Pappa's Appliances Cost of the Inventory-F1FO Method work saved Save and Exit Submit Assignment for Grading 20 , 5 0

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