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 @ $53 each. July 8 purchase 14 units @ $57 each. July 15 purchase 12 units @ $61 each. July 26 purchase 10 units @ $65 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 53 371 TOTAL 371 Date Units Cost = Total July 1 10 53 530 July 8 14 57 798 July 15 12 61 732 July 26 10 65 650 TOTAL 2710