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Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 Transaction. Beginning Inventory March 28 Purchase August 22 Purchase October
Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 Transaction. Beginning Inventory March 28 Purchase August 22 Purchase October 14 Purchase Goods Available for Sale Unit Cost Total Cost Units: 33 $ 83 $ 2,739 43 89 3,827 66 93 6,138 71 99 7,029 213 $ 19,733 The company sold 71 units on May 1 and 66 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing! a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Ending Inventory Cost of Goods Sold < Prev 3 of 50 Next > Required A Required B Required C Calculate the company's ending inventory and cost of goods sold using the LIFO inventory costing method. Ending Inventory Cost of Goods Sold < Prev 3 of 50 Next > Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing me a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the company's ending inventory and cost of goods sold using the Weighted Average inventory costing method. (Round the per unit cost to two decimal places and then round your answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold
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