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 4 $9 9 $12 3 $13 5 FIFO Y2 1 $15 5 $17 9 $19 3 LIFO Z3 6 $22 6 $19 4 $22 4 Weighted Avg. Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 TOTAL Product Units Cost = Total X1 2 12 24 3 13 39 TOTAL 63 Product Units Cost = Total X1 4 9 36 7 12 84 TOTAL 120