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 15 units @ $55 each. July 8 purchase 15 units @ $57 each. July 15 purchase 11 units @ $61 each. July 26 purchase 9 units @ $63 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 55 275 TOTAL 275 Date Units Cost = Total July 1 10 55 550 July 8 15 57 855 July 15 11 61 671 July 26 9 63 567 TOTAL 2643