#23

Consider the following Information for Maynor Company, which uses a periodic Inventory system. January 1 March 28 August 22 October 14 Goods Available for sale Transaction Beginning Inventory Purchase Purchase Purchase Units 34 44 68 73 219 Unit cost $ 94 90 94 100 Total cost $ 2,856 3,960 6,392 7,300 $20,508 3 The company sold 73 untts on May 1 and 68 units on October 28 Required: Calculate the company's ending Inventory and cost of goods sold using the each of following inventory costing method a. FIFO b.LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required FIFO Ending Inventory Cost of Goods Sold Required A Required B > Consider the following Information for Maynor Company, which uses a periodic Inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 34 $ 84 $ 2,856 March 28 Purchase 44 90 3,960 August 22 Purchase 68 94 October 14 6,392 Purchase 73 1ee 7,300 Goods Available for Sale 219 $20,508 The company sold 73 units on May 1 and 68 units on October 28. Required: Calculate the company's ending Inventory and cost of goods sold using the each of following inventory costing methods. 4. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required Required LIFO Ending Inventory Cost of Goods Sold Consider the following Information for Maynor Company, which uses a periodic Inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 34 44 68 73 Unit Cost $ 84 90 94 100 Total Cost $ 2,856 3,960 6,392 7,3ee $20,508 219 The company sold 73 units on May 1 and 68 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required Weighted Average (Round the per unit cost to two decimal places and then round your answers to the nearest whole dollar) Ending Inventory Cost of Goods Sold