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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 32 $

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

Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 32 $ 82 $ 2,624
March 28 Purchase 42 88 3,696
August 22 Purchase 64 92 5,888
October 14 Purchase 69 98 6,762
Goods Available for Sale 207 $ 18,970

The company sold 69 units on May 1 and 64 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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