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Consider the following information for Maynor Company, which uses a perpetual inventory system: The company sold 7 3 units on May 1 and 6 8
Consider the following information for Maynor Company, which uses a perpetual inventory system:
The company sold units on May and units on October
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing met
a FIFO
b Weighted Average
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