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0.83 points Problem 7-205 [LO 7-3] Consider the following information for Maynor Company, which uses a perpetual inventory systemc Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 22 March 28 August 22 Purchase Octobor14 Purchase S72 78 82 1,584 2.496 3,608 4,312 Purchase 32 49 147 Goods Available for Sale S 12,000 The company sold 49 units on May 1 and 44 units on October 28 Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. a. FIFO. Ending Inventory Cost of Goods Sold 4.722 7,278 b. LIFO. Ending Inventory Cost of Goods Sold 4,080 7,920 Weighted Average. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Ending Inventory Cost of Goods Sold 4,408 7,592
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