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 19 units @ $51 each. July 8 purchase 15 units @ $56 each. July 15 purchase 11 units @ $61 each. July 26 purchase 9 units @ $65 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 31 5 65 325 TOTAL 325 Date Units Cost = Total July 1 19 51 969 July 8 15 56 840 July 15 11 61 671 July 26 4 65 260 TOTAL 2740