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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 17 $

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 27 73 1,971
August 22 Purchase 34 77 2,618
October 14 Purchase 39 83 3,237
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.

a. FIFO

b. LIFO

c. Weighted Average

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