Question: Ending inventory and CGS using FIFO, LIFO, and Weighted Average Consider the following Information for Maynor Company, which uses a periodic Inventory system 12 Beginning
Ending inventory and CGS using FIFO, LIFO, and Weighted Average
Consider the following Information for Maynor Company, which uses a periodic Inventory system 12 Beginning Inventory January 1 March 28 August 22 October 14 Goods Available for sale (2 01:00:39 The company sold 35 units on May 1 and 30 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 ans. Required A Required B Required FIFO Ending Inventory Cost of Goods Sold Required )
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