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 @ $54 each. July 8 purchase 17 units @ $57 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $62 each. On July 31, Spacely counts 5 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 26 5 62 310 TOTAL 310 Date Units Cost = Total July 1 15 54 810 July 8 17 57 969 July 15 12 60 720 July 26 6 62 372 TOTAL 2871