The periodic inventory records of Spacely's Sprockets indicate the following for the month of July: July 1 beginning merchandise inventory 18 units @ $55 each. July 8 purchase 15 units @ $60 each. July 15 purchase 12 units @ \$61 each. July 26 purchase 11 units @ \$62 each. On July 31 , Spacely counts 9 units of merchandise on hand. Computing periodic inventory amounts - Weighted Average Ending merchandise inventory is... On July 31 , Spacely counts 9 units of merchandise on hand. Computing periodic inventory amounts - Weighted Average Ending merchandise inventory is... Cost of goods sold