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... Question 1
Product Beg. Inventory Purchases Units in Ending Inv. Periodic Inventory Units Cost Units Cost Units Cost X1 6 $9 9 $12 4 $14 5 FIFO Y2 1 $15 5 $17 9 $20 6 LIFO Z3 10 $22 4 $22 5 $22 7 Weighted Avg. Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 1 12 12 4 14 56 TOTAL 68 Product Units Cost = Total X1 6 9 54 8 12 96 TOTAL 150