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Consider the following information for Maynor Company, which uses a perpetual inventory system: Units January 1 March 28 August 22 October 14 Goods Available for
Consider the following information for Maynor Company, which uses a perpetual inventory system: Units January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Unit Cost Total Cost $ 60 $ 600 66 1,320 70 1,400 76 1,900 $5,220 8 02:17:46 The company sold 25 units on May 1 and 20 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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