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Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale
Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 28 38 56 61 183 Unit Cost Total Cost $ 78 $ 2,184 84 3,192 88 4,928 94 5,734 $ 16,038 The company sold 61 units on May 1 and 56 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods, a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required c LIFO Ending Inventory Cost of Goods Sold Required c
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