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Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 3 1
Consider the following information for Maynor Company, which uses a perpetual inventory system:
Transaction Units Unit Cost Total Cost
January Beginning Inventory $ $
March Purchase
August Purchase
October Purchase
Goods Available for Sale $
The company sold units on May and units on October
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
FIFO
Weighted Average
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