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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 1 7

Consider the following information for Maynor Company, which uses a perpetual inventory system:
Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 17 $ 67 $ 1,139
March 28 Purchase 27731,971
August 22 Purchase 34772,618
October 14 Purchase 39833,237
Goods Available for Sale 117 $ 8,965
The company sold 39 units on May 1 and 34 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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