Consider the following information for Maynor Company, which uses a periodic inventory system:
tion.com%252Fmghmiddleware%252Fmh Google Translate Paraphrasing Tool |... S Shahid Anime - ...go Make Images, Vide.. Desmos | Graphil , sells inventory that it purc Exam 2 i Saved 51 Consider the following information for Maynor Company, which uses a periodic inventory system: . January 1 Transaction Units March 28 Beginning Inventory Unit Cost Total Cost 29 $ 79 Purchase $ 2, 291 39 85 August 22 3, 315 Purchase 58 89 5, 162 8 October 14 Purchase 63 95 5 , 985 points Goods Available for Sale 189 $16, 753 01:53:09 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 Required C FIFO Ending Inventory : $ 6,727 Cost of Goods Sold $ 10,026 , sells inventor Exam 2 1 Saved 51 Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 Transaction Units Beginning Inventory Unit Cost Total Cost March 28 Purchase 29 $ 79 $ 2, 291 August 22 39 85 3, 315 58 8 October 14 Purchase Purchase 89 5, 162 63 95 5 ,985 points Goods Available for Sale 189 $16, 753 01:52:58 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 Required C LIFO Ending Inventory Cost of Goods Sold 51 Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 Transaction Units March 28 Beginning Inventory Unit Cost Total Cost 29 Purchase $ 79 $ 2, 291 85 August 22 39 Purchase 58 3, 315 October 14 89 Purchase 5, 162 8 63 95 5 ,985 points Goods Available for Sale 189 $16, 753 2 01:52:53 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 Required Weighted Average (Round the per unit cost to two decimal places and then round your answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold Next