Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase The company sold 25 units on May 1 and 20 units on October 28. a. FIFO b. LIFO c. Weighted Average Units 10 20 20 25 75 Unit Cost $60 66 70 76 Total Cost $ 600 1,320 1,400 1,900 $ 5,220 Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.

Consider the following information for Maynor Company, which uses a perpetual inventory system: The company sold 25 units on May 1 and 20 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