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Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 1 9

Consider the following information for Maynor Company, which uses a perpetual inventory system:
Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 19 $ 69 $ 1,311
March 28 Purchase 29752,175
August 22 Purchase 38793,002
October 14 Purchase 43853,655
Goods Available for Sale 129 $ 10,143
The company sold 43 units on May 1 and 38 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
Weighted Average

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