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 $11 3 $14 5 FIFO Y2 3 $16 5 $18 10 $20 7 LIFO Z3 10 $19 5 $19 6 $20 7 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 3 16 48 4 18 72 TOTAL 120 Product Units Cost = Total Y2 1 18 18 10 20 200 TOTAL 218