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 $8 9 $12 3 $13 4 FIFO Y2 3 $14 3 $18 8 $19 4 LIFO Z3 9 $19 7 $18 6 $18 3 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 3 14 42 1 18 18 TOTAL 60 Product Units Cost = Total Y2 2 18 36 8 19 152 TOTAL 188