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Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 Beginning Inventory 28 March 28 Purchase August 22 Purchase October
Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 Beginning Inventory 28 March 28 Purchase August 22 Purchase October 14 Purchase $ 2,184 3,192 4.928 578 50 61 94 Goods Available for Sale 183 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. a. FIFO. Ending Inventory Cost of Goods Sold b. LIFO. Ending Inventory Cost of Goods Sold Weighted Average. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Ending Inventory Cost of Goods Solo
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