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 16 units @ $56 each. July 15 purchase 12 units @ $61 each. July 26 purchase 10 units @ $65 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 55 330 TOTAL 330 Date Units Cost = Total July 1 12 55 660 July 8 16 56 896 July 15 12 61 732 July 26 10 65 650 TOTAL 2938