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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 25 $

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

Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 25 $ 75 $ 1,875
March 28 Purchase 35 81 2,835
August 22 Purchase 50 85 4,250
October 14 Purchase 55 91 5,005
Goods Available for Sale 165 $ 13,965

The company sold 55 units on May 1 and 50 units on October 28.

Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.

FIFO.

ending inventory =

cost of goods sold =

lifo

ending inventory =

cost of goods sold =

weighted average (rounded to nearest whole dollar)

ending inventory=

cost of gods sold=

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