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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 March 28 August 22

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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 March 28 August 22 October 14 Beginning Inventor Purchase Purchase Purchase $73 79 83 89 $1,679 2,607 3,818 4,539 y 23 46 51 Goods Available for Sale 153 $ 12,643 The company sold 51 units on May 1 and 46 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 Ending Inventory Cost of Goods Sold b. LIFO Ending Inventory Cost of Goods Sold

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