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 18 units @ $51 each. July 8 purchase 15 units @ $58 each. July 15 purchase 12 units @ $60 each. July 26 purchase 10 units @ $62 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 51 357 TOTAL 357 Date Units Cost = Total July 1 11 51 561 July 8 15 58 870 July 15 12 60 720 July 26 10 62 620 TOTAL 2771