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Can anyone help me with this problem? Thanks for your help in advance. Consider the following information for Maynor Company, which uses a periodic inventory
Can anyone help me with this problem?
Thanks for your help in advance.
Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Units Unit Cost Total Cost 2,079 January 1 Beginning Inventory 27 $77 3,071 83 March 28 Purchase 37 4,698 August 22 Purchase 54 87 59 5,487 October 14 Purchase 93 Goods Available for Sale $15,335 The company sold 59 units on May 1 and 54 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)Step by Step Solution
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