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Consider the following information for Maynor Company, which uses a perpetual inventory system: January 11 March 28 August 22 Transaction Beginning Inventory Purchase Purchase
Consider the following information for Maynor Company, which uses a perpetual inventory system: January 11 March 28 August 22 Transaction Beginning Inventory Purchase Purchase October 14 Purchase Goods Available for Sale Units 29 Unit Cost $79 Total Cost $ 2,291 39 85 3,315 58 89 5,162 63 95 5,985 189 $16,753 The company sold 63 units on May 1 and 58 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 Complete this question by entering your answers in the tabs below. Required A Required B FIFO Required C
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