Consider the following information for Maynor Company, which uses a perpetual Inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 22 32 44 49 147 Unit Cost Total Cost $72 $ 1,584 78 2,496 82 3,608 88 4.312 $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 Complete this question by entering your answers in the tabs below. Required A Required B Required FIFO Ending Inventory Cost of Goods Sold Required 3 > Bonnie Denim Company sells blue jeans. Last year, skinny Jeans were fashionable; this year, relaxed-fit jeans are in style. The company has 605 units of skinny Jeans with a cost of $28 per unit and a market value of $26 per unit. The inventory also includes 1230 units of relaxed-fit jeans with a cost of $28 per unit and a market value of $30 per unit. Required: Prepare the journal entry, if any, that is requlred to adjust the Inventory account. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction et Journal entry worksheet Record the entry for cost of merchandise sold on account from inventories Note the debts before credits Debit General Journal Transaction Credit View gener Record entry Clear entry Consider the following information for Maynor Company, which uses a perpetual Inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 22 32 44 49 147 Unit Cost Total Cost $72 $ 1,584 78 2,496 82 3,608 88 4.312 $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 Complete this question by entering your answers in the tabs below. Required A Required B Required FIFO Ending Inventory Cost of Goods Sold Required 3 > Bonnie Denim Company sells blue jeans. Last year, skinny Jeans were fashionable; this year, relaxed-fit jeans are in style. The company has 605 units of skinny Jeans with a cost of $28 per unit and a market value of $26 per unit. The inventory also includes 1230 units of relaxed-fit jeans with a cost of $28 per unit and a market value of $30 per unit. Required: Prepare the journal entry, if any, that is requlred to adjust the Inventory account. Of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction et Journal entry worksheet Record the entry for cost of merchandise sold on account from inventories Note the debts before credits Debit General Journal Transaction Credit View gener Record entry Clear entry