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Consider the following information for Maynor Company, which uses a periodic inventory system Total Cost 52,856 January 1 March 28 August 22 October 14 Goods
Consider the following information for Maynor Company, which uses a periodic inventory system Total Cost 52,856 January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 34 44 68 73 219 Unit Cost 5 84 90 94 100 6,292 7.100 520, 500 The company sold 73 units on May 1 and 68 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. 9. FIFO b. LIFO c. Weighted Average Complete this question by entering your answers in the tabs below. Required A Required B Required FIFO Ending Inventory Cost of Goods Sold Required B > Consider the following information for Maynor Company, which uses a periodic inventory system Units January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase 44 68 73 Unit Cost $ 84 90 94 100 Total Cost $ 2,856 3.960 6,392 7,300 $20,503 219 The company sold 73 units on May 1 and 68 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 Complete this question by entering your answers in the tabs below. Required A Required B Required LIFO Ending Inventory Cost of Goods Sold Consider the following information for Maynor Company, which uses a periodic inventory system January 1 March 20 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase units 34 44 68 73 219 Unit Cost $ 34 90 94 100 Total Cost $ 2,856 3,960 6,392 7.300 $20,50 The company sold 73 units on May 1 and 68 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 Complete this question by entering your answers in the tabs below. Required A Required B Required Weighted Average (Round the per unit cost to two decimal places and then round your answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold
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