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 4 $8 9 $11 3 $14 5 FIFO Y2 1 $15 3 $17 9 $20 3 LIFO Z3 9 $19 5 $21 6 $19 3 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 1 15 15 2 17 34 TOTAL 49 Product Units Cost = Total Y2 1 17 17 9 20 180 TOTAL 197