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 @ $53 each. July 8 purchase 17 units @ $57 each. July 15 purchase 11 units @ $61 each. July 26 purchase 9 units @ $62 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 26 8 62 496 TOTAL 496 Date Units Cost = Total July 1 18 53 954 July 8 17 57 969 July 15 11 61 671 July 26 1 62 62 TOTAL 2656