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7. oints value Consider the following information for Maynor Company, which uses a perpetual inventory system January 1 Beginning Inventory 31$81 March 28 Purchase August

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7. oints value Consider the following information for Maynor Company, which uses a perpetual inventory system January 1 Beginning Inventory 31$81 March 28 Purchase August 22 Purchase 41 67 201 87 91 97 $2,511 3,567 5,642 6,499 $ 18,219 The company sold 67 units on May 1 and 62 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 Ending Inventory Cost of Goods Sold b. LIFO. Ending Inventory

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