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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
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 35 45 70 75 Unit Cost $85 91 95 101 Total Cost $ 2,975 4,095 6,650 7,575 $21, 295 225 The company sold 75 units on May 1 and 70 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 Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. 3. 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 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 LIFO Ending Inventory Cost of Goods Sold 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 (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold
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