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 19 units @ $53 each. July 8 purchase 16 units @ $58 each. July 15 purchase 12 units @ $60 each. July 26 purchase 9 units @ $62 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 53 424 TOTAL 424 Date Units Cost = Total July 1 11 53 583 July 8 16 58 928 July 15 12 60 720 July 26 9 62 558 TOTAL 2789