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Calculate for FIFO, LIFO, Weighted Average Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 March 28 August 22

Calculate for FIFO, LIFO, Weighted Average image text in transcribed
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 $ 84 90 94 100 Total Cost $ 2,856 3,96 6,392 7,300 $ 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. O. 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

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