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Consider the following information for Maynor Company, which uses a perpetual inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 16 $ 66 $ 1,056 March 28 Purchase 26 72 1,872 August 22 Purchase 32 76 2,432 October 14 Purchase 37 82 3,034 Goods Available for Sale 111 $ 8,394 The company sold 37 units on May 1 and 32 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91959377

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