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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 Inventory, Inventory Count, Model 1st January 1 December 31 2nd 3rd A10 4 at $ 33 4 at 5 36 4 at $ 39 S BIS S at S 88 4 at 79 3 at 85 6 at 92 7 E60 3 at 70 3 at 60 15 at 63 9 at 65 5 5 G83 7 at 231 6 at 239 Sat 249 10 at 248 9 334 12 at 68 10 at 70 16 at 77 16 at 78 13 M90 2 at 123 2 at 125 3 at 143 3 at 145 5 070 5 at 150 4 at 160 4 at 165 7 at 170 8 Required: 1. Determine the cost of the inventory on December 31 by the rest 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. 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 515 B15 E60 GO3 334 M90 M90 070 070 Total 2. Determine the cost of the inventory on December 31 by the lost in hrst-out method 2. Determine the colt of the inventory on December 1 by the last an, desto 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. Ir units are in eventory at two different costs, enter the OLDEST units first wymac Appliances Cost of the inventory LIFO Method December 31 Model Quantity Unit COSE Total cos ALO A10 15 E60 GO Ge 134 H90 1190 H20 M90 M90 M90 Q70 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 070 Total

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