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Calculate the companys ending inventory and cost of goods sold using the each of following inventory costing methods. A.FIFO Ending inventory= Cost of Goods Sold=
Calculate the companys 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=
Cost of Goods Sold=
C. Weighted Average. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.)
Ending Inventory=
Cost of Goods Sold=
Consider the following information for Maynor Company, which uses a perpetual inventory system Transaction Units Unit Cost Total Cost January 1 March 28 Beginning Inventory 32 Purchase Purchase Purchase $82 $ 2,624 3,696 5,888 6,762 August 22 October 14 92 98 64 Goods Available for Sale 207 $ 18,970 The company sold 69 units on May 1 and 64 units on October 28Step by Step Solution
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