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Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 24
Consider the following information for Maynor Company, which uses a periodic inventory system Transaction Beginning Inventory Purchase Purchase Purchase Units Unit Cost Total Cost 24 January 1 March 28 August 22 October 14 Goods Available for Sale 48 53 159 $74 80 84 90 $1,776 2,720 4,032 4,770 $13,298 The company sold 53 units on May 1 and 48 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 Required A Required B >
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