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

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Accounting

Consider the following information for Maynor Company, which uses a perpetual inventory system:
Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 32 $ 82 $ 2,624
March 28 Purchase 42883,696
August 22 Purchase 64925,888
October 14 Purchase 69986,762
Goods Available for Sale 207 $ 18,970
The company sold 69 units on May 1 and 64 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
Weighted Average

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