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 7 $11 4 $14 4 FIFO Y2 2 $15 5 $18 9 $20 2 LIFO Z3 7 $19 6 $21 5 $22 4 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 2 15 30 0 18 0 TOTAL 30 Product Units Cost = Total Y2 5 18 90 9 20 180 TOTAL 270