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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost $79 $ 2,291 January 1 March
Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost $79 $ 2,291 January 1 March 28 August 22 October 14 Beginning Inventory 29 Purchase Purchase Purchase 39 58 63 85 89 95 3,315 5,162 5,985 Goods Available for Sale 189 $16,753 The company sold 63 units on May 1 and 58 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 the nearest whole dollar.)
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