Business, 04.04.2020 00:22 stodd9503

Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 14 $ 64 $ 896 March 28 Purchase 24 70 1,680 August 22 Purchase 28 74 2,072 October 14 Purchase 33 80 2,640 Goods Available for Sale 99 $ 7,288 The company sold 33 units on May 1 and 28 units on October 28.
Calculate the company's ending inventory and cost of goods sold using each of the following inventory costing methods.
a. FIFO
b. LIFO
c. Weighted
d. Average

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

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