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 18 units @ $52 each. July 8 purchase 13 units @ $56 each. July 15 purchase 11 units @ $60 each. July 26 purchase 9 units @ $64 each. On July 31, Spacely counts 7 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 7 52 364 TOTAL 364 Date Units Cost = Total July 1 11 52 572 July 8 13 56 728 July 15 11 60 660 July 26 9 64 576 TOTAL 2536