Question

ant eBook Calculator 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, January 1 Inventory Count, December 31 2nd Model 4 at 64 A10 at 4 at Sat 170 158 BIS $176 260 7 at 6 250 246 367 2 at 5 at 108 1604 2 at at 170 4 175 ANKSHEET Q70 Required: method 1. Determine the cost of the inventory on December 31 by the If the inventory of a particular model comprises one entire purchase a portion of another purchase acred at a different If units are in inventory at two different costs, enter the units PURCHASED MOST RECENTLY Dymat Appliances Cost of the inventory-FIFO Method ( SA 01B Oud My Work 39140 m Score: 97.62

Accounting PR 7-05A

Answer 1

Dymac Appliances Cost of Inventory : Weighted Average Method December 31
Model	Quantity	Unit Cost	Total Cost
A10	6	$ 70	$ 420
B 15	8	174	1,392
E 60	5	69.10	345.50
G 83	9	253	2,277
J 34	15	258	3,870
M 90	5	121	605
Q 70	8	172	1,376
Total			$ 10,285.50