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  1. business
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  3. consider the following information for maynor comp

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

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Accounting

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Consider the following information for Maynor Company, which uses a periodic inventory system: Units Unit Cost $ 71 Transaction Beginning Inventory Purchase Purchase Purchase January 1 March 28 August 22 October 14 Goods Available for Sale 31 77 81 42 Total Cost $ 1,491 2,387 3,402 4,089 $11,369 47 141 The company sold 47 units on May 1 and 42 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 C FIFO Ending Inventory Cost of Goods Sold

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