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 16 units @ $51 each. July 8 purchase 14 units @ $59 each. July 15 purchase 12 units @ $61 each. July 26 purchase 11 units @ $65 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 51 408 TOTAL 408 Date Units Cost = Total July 1 8 51 408 July 8 14 59 826 July 15 12 61 732 July 26 11 65 715 TOTAL 2681