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Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 21
Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 21 27 $ 61 67 71 671 1,407 1,562 2,079 $5,719 January1 March 28 August 22 October 14 Goods Available for Sale 10 points 81 02:25:09 The company sold 27 units on May 1 and 22 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 FIFO 2,434 3,285 Ending Inventory Cost of Goods Sold Required B> Required A Complete this question by entering your answers in the tabs below. Required A Required B Required C LIFO 2,252 3,467 Ending Inventory Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required A Required B RequiredC Weighted Average (Round the per unit cost to two decimal places and then round your answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold 2,350 3,369 K Required B Required C
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