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Given the following information for Maynor Company in 2011, calculate the company's ending inventory, cost of goods sold and gross profit, using the following inventory

Given the following information for Maynor Company in 2011, calculate the company's ending inventory, cost of goods sold and gross profit, using the following inventory costing methods, assuming the company uses a periodic inventory system: (Note: The sum of cost of goods sold and ending inventory might not add up due to rounding.)

2011 Units Unit Cost Total Cost
Jan 1 Beginning Inventory 25 $ 60 $ 1,500
Purchases
March 28 Purchase 20 66 1,320
Aug 22 Purchase 35 70 2,450
Oct 14 Purchase 40 76 3,040
Goods Available for Sale 120 $ 8,310
Sales Unit Sales Price Revenue
May 1 Sales 40 $ 100 $ 4,000
October 28 Sales 35 100 3,500
Total Revenue 75 $ 7,500

(a)

Weighted Average. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "$" sign in your response.)

Ending inventory $ ?
Cost of goods sold $ ?
Gross profit $ ?

(b) FIFO. (Omit the "$" sign in your response.)

Ending inventory $ ?
Cost of goods sold $ ?
Gross profit $ ?

(c) LIFO. (Omit the "$" sign in your response.)

Ending inventory $ ?
Cost of goods sold $ ?
Gross profit $ ?

(d)

Specific Identification. (The ending inventory consisted of 23 @ $66; 13 @ $70; and 9 @ $76.) (Omit the "$" sign in your response.)

Ending inventory $ ?
Cost of goods sold $ ?
Gross profit $ ?

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