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Consider the following information for Maynor Company, which uses a periodic inventory system: Required: Calculate the company's ending inventory and cost of goods sold using
Consider the following information for Maynor Company, which uses a periodic inventory system:
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.)
A)FIFO
B)LIFO
C)Weighted Average
Consider the following information for Maynor Company, which uses a periodic inventory system: Unit Cost Total Cost Transaction Units January 1 nning Inventory 18 $68 $1.224 March 28 purchase 74 2,072 August 22 Purchase 2,808 October 14 Purchase 41 3,444 Goods Available for Sale 123 $9,548 The company sold 41 units on May 1 and 36 units on October 28
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