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Calculate the companys ending inventory and cost of goods sold using each of the following inventory costing methods. A. FIFO B. LIFO C. Weighted Average
Calculate the companys ending inventory and cost of goods sold using each of the following inventory costing methods.
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 Unit Cost Total Cost $72 $ 1,584 2,496 82 3,608 88 4,312 $12, eee 2 02:1520 The company sold 49 units on May 1 and 44 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 C FIFO Ending Inventory Cost of Goods Sold A. FIFO
B. LIFO
C. Weighted Average
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