Consider the following information for Maynor Company, which uses a perpetual inventory system:

The company sold $29$ units on May $1$ and $24$ 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