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 15 units @ $53 each. July 8 purchase 14 units @ $57 each. July 15 purchase 12 units @ $61 each. July 26 purchase 9 units @ $62 each. On July 31, Spacely counts 6 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 6 62 372 TOTAL 372 Date Units Cost = Total July 1 15 53 795 July 8 14 57 798 July 15 12 61 732 July 26 3 62 186 TOTAL 2511