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Consider the following information for Maynor Company, which uses a periodic inventory system: ...

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Accounting

Consider the following information for Maynor Company, which uses a periodic inventory system:

Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 19 $ 69 $ 1,311
March 28 Purchase 29 75 2,175
August 22 Purchase 38 79 3,002
October 14 Purchase 43 85 3,655
Goods Available for Sale 129 $ 10,143

The company sold 43 units on May 1 and 38 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.

FIFO

LIFO

Weighted Average

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