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 @ $55 each. July 8 purchase 14 units @ $57 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $64 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 55 275 TOTAL 275 Date Units Cost = Total July 1 13 55 715 July 8 14 57 798 July 15 12 60 720 July 26 11 64 704 TOTAL 2937