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 17 units @ $55 each. July 8 purchase 13 units @ $58 each. July 15 purchase 12 units @ $61 each. July 26 purchase 10 units @ $62 each. On July 31, Spacely counts 8 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 8 55 440 TOTAL 440 Date Units Cost = Total July 1 9 55 495 July 8 13 58 754 July 15 12 61 732 July 26 10 62 620 TOTAL 2601