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 @ $51 each. July 8 purchase 17 units @ $56 each. July 15 purchase 12 units @ $60 each. July 26 purchase 11 units @ $64 each. On July 31, Spacely counts 6 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 6 51 306 TOTAL 306 Date Units Cost = Total July 1 9 51 459 July 8 17 56 952 July 15 12 60 720 July 26 11 64 704 TOTAL 2835