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 $8 8 $11 5 $14 6 FIFO Y2 1 $14 3 $17 8 $20 3 LIFO Z3 8 $18 7 $19 7 $20 6 Weighted Avg. Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 1 11 11 5 14 70 TOTAL 81 Product Units Cost = Total X1 6 8 48 7 11 77 TOTAL 125