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The periodic inventory records of Synergy Prosthetics indicate the following for the month of October: (Click the icon to view the inventory records.) At October
The periodic inventory records of Synergy Prosthetics indicate the following for the month of October: (Click the icon to view the inventory records.) At October 31, Synergy counts nine units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Synergy using the LIFO inventory costing method. LIFO Cost Data Table Ending Merchandise Inventory Cost of Goods Sold @ $ 55 each Oct. 1 Beginning merchandise inventory 18 units 15 units@$ 60 each 8 Purchase 12 units $61 each 11 units@$62 each 15 Purchase 26 Purchase Print Done
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