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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 1 Beginning Inventory 31 $ 81 $ 2,511
March 28 Purchase 41873,567
August 22 Purchase 62915,642
October 14 Purchase 67976,499
Goods Available for Sale 201 $ 18,219
The company sold 67 units on May 1 and 62 units on October 28.
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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