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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 22 $

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

Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 22 $ 72 $ 1,584
March 28 Purchase 32 78 2,496
August 22 Purchase 44 82 3,608
October 14 Purchase 49 88 4,312

Goods Available for Sale 147 $ 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. (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)

a. FIFO:

b. LIFO:

c.

Weighted Average

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