Inventory by Three Cost Flow Methods

Details regarding the inventory of appliances on January 1, 20Y7, purchases invoices during the year, and the inventory count on December 31, 20Y7, of Amsterdam Appliances are summarized as follows:

Purchases InvoicesModelInventory,

January 11st2nd3rdInventory Count,

December 31A104 at $ 644 at $ 704 at $ 766B158 at $1764 at 1583 at 1706 at 1848E603 at 753 at 6515 at 689 at 705G837 at 2426 at 2505 at 26010 at 2599J3412 at 24010 at 24616 at 26716 at 27015M902 at 1082 at 1103 at 1283 at 1305Q705 at 1604 at 1704 at 1757 at 1808

First-In, First-Out MethodModelQuantityUnit CostTotal CostA10$$B15E60G83J34M90Q70Total$

2.Determine the cost of the inventory on December 31, 20Y7, by thelast-in, first-out method, following the procedures indicated in (1). Under LIFO, if a model is in inventory at two different costs, enter the remaining units that were purchased earliest first.

Last-In, First-Out MethodModelQuantityUnit CostTotal CostA10$$B15E60G83J34M90Q70Total$

Determine the cost of the inventory on December 31, 20Y7, by the average cost method.

Average Cost MethodModelQuantityUnit CostTotal CostA10$$B15E60G83J34M90Q70Total$