Try another version of this question The periodic inventory records of Spacely’s Sprockets indicate the following for the month of September: Spacely’s Sprockets uses a different inventory method of each product as indicated: Computing periodic inventory amounts - LIFO Enter your inventory using oldest purchases first. Ending merchandise inventory is... Cost of goods sold...
Product Beg. Inventory Purchases Units in Ending Inv. Periodic Inventory Units Cost Units Cost Units Cost X1 4 $8 6 $12 5 $13 4 FIFO Y2 3 $16 5 $18 8 $19 4 LIFO Z3 7 $20 3 $22 3 $21 7 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 3 16 48 1 18 18 TOTAL 66 Product Units Cost = Total Y2 4 18 72 8 19 152 TOTAL 224