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Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 3 0

Consider the following information for Maynor Company, which uses a periodic inventory system:
Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 30 $ 80 $ 2,400
March 28 Purchase 40863,440
August 22 Purchase 60905,400
October 14 Purchase 65966,240
Goods Available for Sale 195 $ 17,480
The company sold 65 units on May 1 and 60 units on October 28.
Required:
Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
FIFO
LIFO
Weighted Average

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