Try another version of this question The periodic inventory records of Spacely’s Sprockets indicate the following for the month of September: Spacely’s Sprockets uses a different inventory method of each product as indicated: Computing periodic inventory amounts - FIFO Enter your inventory using most recent purchases first. Ending merchandise inventory is... Cost of goods sold...
Product Beg. Inventory Purchases Units in Ending Inv. Periodic Inventory Units Cost Units Cost Units Cost X1 4 $10 6 $12 4 $14 7 FIFO Y2 3 $15 5 $17 10 $20 7 LIFO Z3 6 $18 6 $20 5 $21 7 Weighted Avg. Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 3 12 36 4 14 56 TOTAL 92 Product Units Cost = Total X1 4 10 40 3 12 36 TOTAL 76