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... Question 1
Product Beg. Inventory Purchases Units in Ending Inv. Periodic Inventory Units Cost Units Cost Units Cost X1 5 $9 6 $12 3 $14 7 FIFO Y2 2 $16 3 $18 10 $19 4 LIFO Z3 8 $19 7 $21 3 $20 3 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 2 16 32 2 18 36 TOTAL 68 Product Units Cost = Total Y2 1 18 18 10 19 190 TOTAL 208