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 @ $54 each. July 8 purchase 15 units @ $59 each. July 15 purchase 11 units @ $60 each. July 26 purchase 9 units @ $65 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 54 270 TOTAL 270 Date Units Cost = Total July 1 12 54 648 July 8 15 59 885 July 15 11 60 660 July 26 9 65 585 TOTAL 2778