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1 3.33 oints 00:52:38 References TB Problem 7-196 (Algo) Consider the following information for... Consider the following information for Maynor Company, which uses a periodic
1 3.33 oints 00:52:38 References TB Problem 7-196 (Algo) Consider the following information for... Consider the following information for Maynor Company, which uses a periodic inventory system: Unit Cost Total Cost $ 2,975 4,095 6,650 7,575 $ 21,295 January 1 March 28 August 22 October 14 Transaction Beginning Inventory Purchase Purchase Purchase Goods Available for Sale The company sold 75 units on May 1 and 70 units on October 28. a. FIFO b. LIFO c. Weighted Average Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. Complete this question by entering your answers in the tabs below. Required A Required B Required C Units 35 45 70 75 225 $ $ Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Ending Inventory Cost of Goods Sold 10,410 10,883 Required A $85 91 95 101 Required B
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