Business, 21.08.2021 02:40 iop123456

Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 31 $ 81 $ 2,511 March 28 Purchase 41 87 3,567 August 22 Purchase 62 91 5,642 October 14 Purchase 67 97 6,499 Goods Available for Sale 201 $ 18,219 The company sold 67 units on May 1 and 62 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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Consider the following information for Maynor Company, which uses a perpetual inventory system: Tran...