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 6 $9 6 $12 5 $13 5 FIFO Y2 2 $15 3 $18 9 $19 3 LIFO Z3 7 $21 7 $21 4 $19 4 Weighted Avg. Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 TOTAL Product Units Cost = Total Y2 2 15 30 1 18 18 TOTAL 48 Product Units Cost = Total Y2 2 18 36 9 19 171 TOTAL 207