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Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction January 1 Beginning Inventory March 28 Purchase: August 22 Purchase October
Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction January 1 Beginning Inventory March 28 Purchase: August 22 Purchase October 14 Purchase Goods Available for Sale 59 The company sold 43 units on May 1 and 38 units on October 28. Units 19 Unit Cost $ 69 Total Cost $ 1,311 29 75 2,175 38 79 3,002 43 129 85 3,655 $ 10,143 Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing m 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 4 of 50 Next > Goods Available for Sale The company sold 43 units on May 1 and 38 units on October 28. Required: 129 $ 10,143 Calculate the company's ending inventory and cost of goods sold using the each of following inventory cos 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 LIFO inventory costing method. Ending Inventory Cost of Goods Sold Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methc a. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Reabired C Calculate the company's ending inventory and cost of goods sold using the Weighted Average inventory costing method. (Da not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold < Required B Required C > < Prev 4 of 50 Next
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