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 17 units @ $52 each. July 8 purchase 15 units @ $59 each. July 15 purchase 12 units @ $60 each. July 26 purchase 9 units @ $65 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 65 390 TOTAL 390 Date Units Cost = Total July 1 17 52 884 July 8 15 59 885 July 15 12 60 720 July 26 3 65 195 TOTAL 2684