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 16 units @ $56 each. July 15 purchase 12 units @ $60 each. July 26 purchase 10 units @ $64 each. On July 31, Spacely counts 7 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 7 54 378 TOTAL 378 Date Units Cost = Total July 1 10 54 540 July 8 16 56 896 July 15 12 60 720 July 26 10 64 640 TOTAL 2796