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 @ $54 each. July 8 purchase 14 units @ $59 each. July 15 purchase 11 units @ $61 each. July 26 purchase 11 units @ $62 each. On July 31, Spacely counts 6 units of merchandise on hand. Computing periodic inventory amounts - LIFO Ending merchandise inventory is... Cost of goods sold...
Date Units Cost = Total TOTAL Date Units Cost = Total TOTAL Date Units Cost = Total July 1 6 54 324 TOTAL 324 Date Units Cost = Total July 1 13 54 702 July 8 14 59 826 July 15 11 61 671 July 26 11 62 682 TOTAL 2881