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Consider the following information for Maynor Company, which uses a perpetual inventory system: Unit Cost January 1 March 28 August 22 October 14 Goods Available
Consider the following information for Maynor Company, which uses a perpetual inventory system: Unit Cost January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 22 32 44 49 147 $ 72 78 82 88 Total Cost $ 1,584 2,496 3,608 4,312 1:14 $ 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 c Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Ending Inventory Cost of Goods Sold que Required B
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