Consider the following information for Maynor Company, which uses a perpetual inventory system: 40 Units...
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Consider the following information for Maynor Company, which uses a perpetual inventory system: 40 Units 16 26 32 37 111 Unit Cost $ 66 72 76 Transaction January 1 Beginning Inventory March 28 Purchase August 22 Purchase October 14 Purchase Goods Available for Sale The company sold 37 units on May 1 and 32 units on October 28. Required: Total Cost $ 1,856 1,872 2,432 3,034 $ 8,394 01:35:19 82 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 Calculate the company's ending inventory and cost of goods sold using the FIFO inventory costing method. Ending Inventory Cost of Goods Sold Danied Required 8 >
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