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Please answer this in a way that matches the format of the screenshots! Thank you Consider the following information for Maynor Company, which uses a
Please answer this in a way that matches the format of the screenshots! Thank you
Consider the following information for Maynor Company, which uses a periodic inventory system: $ 75 on on Transaction Beginning Inventory Purchase Purchase Purchase January 1 March 28 August 22 October 14 Goods Available for Sale Units Unit Cost Total Cost $ 1,875 2,835 50 4, 250 5,005 165 $13,965 55 The company sold 55 units on May 1 and 50 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 A Required B > Consider the following information for Maynor Company, which uses a periodic inventory system: Unit Cost $ 75 January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 25 35 50 Total Cost $ 1,875 2,835 4,250 5,005 $13,965 SS 165 0:50:25 The company sold 55 units on May 1 and 50 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 LIFO Ending Inventory Cost of Goods Sold (Required A Required C > Consider the following information for Maynor Company, which uses a periodic inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 25 35 50 Unit Cost Total Cost $ 75 $ 1,875 2,835 4,250 5,005 $13,965 55 165 165 The company sold 55 units on May 1 and 50 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 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 Required B Required C >Step by Step Solution
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