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Book TB Problem 7-196 (Algo) Consider the following information for... Consider the following information for Maynor Company, which uses a periodic inventory system: January
Book TB Problem 7-196 (Algo) Consider the following information for... Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 Transaction. Beginning Inventory March 28 Purchase August 22 Purchase October 14 Purchase Goods Available for Sale Units Unit Cost Total Cost 25 $ 75 $ 1,875 35 81 2,835 50 85 4,250 55 91 5,005 165 $ 13,965 The company sold 55 units on May 1 and 50 units on October 28. Required: Ask Print ferences 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 C Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Ending Inventory Cost of Goods Sold Required A Required B >
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