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Consider the following information for Maynor Company, which uses a perpetual inventory system Transaction Units Unit Cost Total Cost $78 January 1 Beginning Inventory 28
Consider the following information for Maynor Company, which uses a perpetual inventory system Transaction Units Unit Cost Total Cost $78 January 1 Beginning Inventory 28 2,184 3,192 March 28 38 Purchase 84 56 4,928 88 August 22 Purchase October 14 Purchase 61 94 5,734 16,038 183 Goods Available for Sale The company sold 61 units on May 1 and 56 units on October 28 Required Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods
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