Consider the following information for Maynor Company, which uses a perpetual Inventory system: January 1...
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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 25 35 50 55 165 Unit Cost $ 75 81 85 91 Total Coat $ 1,875 2,835 4,250 5,005 $13,965 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 FIFO Ending Inventory Cost of Goods Sold Prox 2 Next >
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