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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
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 Unito 10 20 20 25 75 Unit Cont Total Cont $ 60 $ 600 66 1,320 70 1,400 76 1.900 $5,220 The company sold 25 units on May 1 and 20 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. Welghted Average Complete this question by entering your answers in the tabs below. Required A Required Required FIFO Ending Inventory Cost of Goods Sold Required>
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