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 $9 9 $12 4 $14 5 FIFO Y2 3 $14 3 $17 7 $20 6 LIFO Z3 7 $18 4 $21 3 $20 4 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 3 14 42 3 17 51 TOTAL 93 Product Units Cost = Total Y2 0 17 0 7 20 140 TOTAL 140