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 $10 10 $11 3 $13 8 FIFO Y2 3 $14 5 $17 10 $19 8 LIFO Z3 7 $18 5 $20 4 $18 5 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 3 14 42 5 17 85 TOTAL 127 Product Units Cost = Total Y2 0 17 0 10 19 190 TOTAL 190