CHHomework Penedic Inventory by Three Methods Dymac Applaces uses the periodicnventory system. Details regarding the inventory of apphances at January 1, purchases invoices during the next 12 months, and the inventory count at December 1 are summarized as follows: Purchases Invoices Model Inventory Inventory Count, 2nd January 1 815 Bat $954 at 06 3 at E60 7 at 12 at 2 at 5 at 2396 at 64 10 at 118 2 at 158 at M90 070 66 15 at 120 3 at 1684 at 1 Required: 1. Determine the cost of the inventory on December 31 by the first-, first-out method. If the inventory of a particular model comprises one entire purchase plus a portion of anothe for each purchase. If units are in inventory at two a rent costs, enter the units PURCHASED M first. Dymac Appliances Cost of the inventory FI Method Model Quantity Unit Cost Total Cost Check My Work 3 more Check My Work uses remaining Assignment Space: 60% All work saved Email Instructor Save and Exit Suit Dymac Appliances Cost of the FIFO m ed Model Quantity Unit Cost Total Cost B15 138 070 1,246 070 $ 2.158 2. Determine the cost of the inventory on December 31 by the last 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 inventory at two different costs, enter the OLDEST in Dymac Appliances Cost of the inventory UFO Method December 31 If the inventory of a particular model comprises one entire purchase plus a portion of another purchase acquired at a different unit cost, ne a separate line for each purchase. If units are in inventory at two different costs, enter the OLDEST unit fest. Dymac Appliances Cost of the inventory LIFO Method December 31 Model Quantity Unit Cost Total Cost A10 A10 Total 3. Determine the cost of the inventory on December 31 by the weighted average cost method Dymac Appliances 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 G83 134 M90 Q70 Total would be preferred for income tax purposes in periods of rising prices. Check My Work 3 more Check My Work uses remaining All work saved. Assignment Score: 60%