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Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Units Unit Cost Total Cost 2 Purihain Inventory17$67 $1,139 1,971 2,618
Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Units Unit Cost Total Cost 2 Purihain Inventory17$67 $1,139 1,971 2,618 3,237 January 1 Purchase August 22 Purchase October 14 Purchase 34 39 83 Goods Available for Sale $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. (Round the per unit cost to two decimal places and then round your answer to th nearest whole dollar.) a. LIFO: Ending Inventory Cost of Goods Sold
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