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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 22 $

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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 22 $ 72 $ 1,584 March 28 Purchase 32 78 2,496 August 22 Purchase 44 82 3,608 October 14 Purchase 49 88 4,312 Goods Available for Sale 147 $ 12,000 The company sold 49 units on May 1 and 44 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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