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Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 March 28 August 22 October 14 Transaction Beginning Inventory Purchase
Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 March 28 August 22 October 14 Transaction Beginning Inventory Purchase Purchase Purchase Units 11 21 22 27 Unit Cost Total Cost $ 61 $ 671 67 1,407 71 1,562 77 2,079 $5,719 Goods Available for Sale 81 The company sold 27 units on May 1 and 22 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 Cost of Goods Sold 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 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 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
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