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 @ $55 each. July 8 purchase 14 units @ $59 each. July 15 purchase 11 units @ $60 each. July 26 purchase 9 units @ $63 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... Question 1
Date Units Cost = Total TOTAL Date Units Cost = Total TOTAL Date Units Cost = Total July 1 8 55 440 TOTAL 440 Date Units Cost = Total July 1 9 55 495 July 8 14 59 826 July 15 11 60 660 July 26 9 63 567 TOTAL 2548