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Problem 7-205 [LO 7-3] Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14

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Problem 7-205 [LO 7-3] Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 33 43 66 71 213 Unit Cost $ 83 89 93 99 Total Cost $ 2,739 3,827 6,138 7,029 $19,733 The company sold 71 units on May 1 and 66 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 FIFO $ 7,494 Ending Inventory Cost of Goods Sold Required A Required B > Problem 7-205 [LO 7-3] Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 33 43 66 71 213 Unit Cost $ 83 89 93 99 Total Cost $ 2,739 3,827 6,138 7,029 $19,733 The company sold 71 units on May 1 and 66 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 Problem 7-205 (LO 7-3] Consider the following information for Maynor Company, which uses a perpetual inventory system: January 1 March 28 August 22 October 14 Goods Available for Sale Transaction Beginning Inventory Purchase Purchase Purchase Units 33 43 66 71 213 Unit Cost $ 83 89 93 99 Total Cost $ 2,739 3,827 6,138 7,029 $19,733 The company sold 71 units on May 1 and 66 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 (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold

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