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 16 units @ $50 each. July 8 purchase 14 units @ $56 each. July 15 purchase 12 units @ $61 each. July 26 purchase 9 units @ $63 each. On July 31, Spacely counts 5 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 5 50 250 TOTAL 250 Date Units Cost = Total July 1 11 50 550 July 8 14 56 784 July 15 12 61 732 July 26 9 63 567 TOTAL 2633