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Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale

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Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 10 20 20 25 25 Unit Cost Total Cost $ 60 $ 600 66 1,320 70 1,400 76 1,900 $5,220 ices 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, (Round the per unit cost to 2 decimal places and then round your answers to the nearest whole dolor.) .. FIFO b. LIFO c. Weighted Average

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