Try another version of this question The periodic inventory records of Spacely’s Sprockets indicate the following for the month of July: July 1 beginning merchandise inventory 18 units @ $55 each. July 8 purchase 13 units @ $57 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $65 each. On July 31, Spacely counts 8 units of merchandise on hand. Computing periodic inventory amounts - FIFO Ending merchandise inventory is... Cost of goods sold...
Date Units Cost = Total TOTAL Date Units Cost = Total TOTAL Date Units Cost = Total July 31 8 65 520 TOTAL 520 Date Units Cost = Total July 1 18 55 990 July 8 13 57 741 July 15 12 60 720 July 26 3 65 195 TOTAL 2646