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Consider the following information for Maynor Company, which uses a periodic inventory system: Units 22 Transaction Beginning Inventory Purchase Purchase Purchase Unit Cost $72 78

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Consider the following information for Maynor Company, which uses a periodic inventory system: Units 22 Transaction Beginning Inventory Purchase Purchase Purchase Unit Cost $72 78 January 1 March 28 August 22 October 14 Total Cost $ 1,584 2,496 3,608 4,312 Goods Available for Sale 147 $12,000 The company sold 49 units on May 1 and 44 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following invento, costing methods. (Round the per unit cost to two decimal places and then round your answert 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: Ending Inventory Cost of Goods Sold b. LIFO Ending Inventory Cost of Goods Sold c. Weighted Average b. LIFO: Ending Inventory Cost of Goods Sold c. Weighted Average Ending Inventory Cost of Goods Sold

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