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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 12 $

Consider the following information for Maynor Company, which uses a perpetual inventory system:

Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 12 $ 62 $ 744
March 28 Purchase 22 68 1,496
August 22 Purchase 24 72 1,728
October 14 Purchase 29 78 2,262
Goods Available for Sale 87 $ 6,230

The company sold 29 units on May 1 and 24 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. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.)

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