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Exam #3 (Ch 1-10, 6th Ed) Saved Help Save& Exit Submit Consider the following information for Maynor Company, which uses a periodic inventory system: 23
Exam #3 (Ch 1-10, 6th Ed) Saved Help Save& Exit Submit Consider the following information for Maynor Company, which uses a periodic inventory system: 23 Transaction Beginning Inventory Purchase Units Unit Cost Total Cost January 1 March 28 August 22 October 14 Goods Available for Sale $ 2,511 3,567 5, 642 976,499 $18,219 s 81 87 91 41 62 67 201 10 points 01:35:03 The company sold 67 units on May 1 and 62 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 c FIFO Ending Inventory Cost of Goods Sold Required B> Required A Mc Prey 23 of 29 Next > Exam #3 (Ch 1-10, 6th Ed) Saved Help Save & Exit Submit Consider the following information for Maynor Company, which uses a periodic inventory system: 3 Units Unit Cost Total Cost 31 41 62 67 201 January 1 March 2B August 22 October 14 Gooda Available for Sale Beginning Inventory $ 81 87 91 97 2,511 3,567 5,642 Purchase 6.499 $18,219 10 points 01:35 13 The company sold 67 units on May 1 and 62 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 BRequired C LIFO Ending Inventory Cost of Goods Sold Required A Required C Mc Pre 23 of 29 Next >
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