eBook Show Me How Periodic Inventory by Three Methods Dymac Appliances inventory
ID: 2545483 • Letter: E
Question
eBook Show Me How Periodic Inventory by Three Methods Dymac Appliances inventory count at December 31 are summarized as follows uses the periodic inventory system. Detalls regarding the Inventory of appliances at Janusry 1, purchases invoices during the next 12 months, and the Inventory, anuary 1 Model A10 815 E60 G83 134 M90 Q70 Required: Inventory Count, December 31 1st 2nd 3rd 4 at $40 4at 43 4 at $46 B at $95 4at 86 3at 92 6t 99 3 at 75 3 at 65 5at 68 9at 70 7 at 230 6at 238 at 248 10 at 247 12 at 85 10 at 87 16 at 94 16 at 9 2 at 124 2at 126 3 at 144 3 at 146 5 at 164 4at 174 4at 179 7at 184 13Explanation / Answer
Answer
Inventory will be valued at latest invoices price
Quantity
Unit cost ($)
Total cost ($)
A10
4
46
184
A10
1
43
43
B15
6
99
594
B15
1
92
92
E60
5
70
350
G83
9
247
2223
J34
13
95
1235
M90
3
146
438
M90
2
144
288
Q70
7
184
1288
Q70
1
179
179
Total
52
$6914
Inventory will be valued from earliest purchase (or beginning inventory)
Quantity
Unit cost
Total cost
A10
4
40
160
A10
1
43
43
B15
7
95
665
E60
3
75
225
E60
2
65
130
G83
7
230
1610
G83
2
238
476
J34
12
85
1020
J34
1
87
87
M90
2
124
248
M90
2
126
252
M90
1
144
144
Q70
5
164
820
Q70
3
174
522
Total
52
$6402
Working for Average price
Inventory jan 1
1st Invoice Value
2nd Invoice Value
3rd Invoice Value
Total value ($)
Total Units
Average cost ($)
A10
160
172
184
516
12
43
B15
760
344
276
594
1974
21
94
E60
225
195
1020
630
2070
30
69
G83
1610
1428
1240
2470
6748
28
241
J34
1020
870
1504
1520
4914
54
91
M90
248
252
432
438
1370
10
137
Q70
820
696
716
1288
3520
20
176
Answer
Quantity
Unit cost (calculated above)
Total cost $
A10
5
43
215
B15
7
94
658
E60
5
69
345
G83
9
241
2169
J34
13
91
1183
M90
5
137
685
Q70
8
176
1408
Total
52
$6663
Quantity
Unit cost ($)
Total cost ($)
A10
4
46
184
A10
1
43
43
B15
6
99
594
B15
1
92
92
E60
5
70
350
G83
9
247
2223
J34
13
95
1235
M90
3
146
438
M90
2
144
288
Q70
7
184
1288
Q70
1
179
179
Total
52
$6914
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