Question: Fix the problem Bookmarks ows your responses and what was marked correct and incorrect from your previous attempt. Award: 0.33 out of 0.50 points Problem
Bookmarks ows your responses and what was marked correct and incorrect from your previous attempt. Award: 0.33 out of 0.50 points Problem 7-203 LO 7-3] Consider the following information for Maynor Company, which uses a periodic inventory system: Unit Cost Total Cost Transaction January 1 Beginning Inventory 33 $83 March 28 Purchase August 22 Purchase October 14 Purchase $ 2,739 3,827 6,138 7,029 43 89 93 71 99 Goods Available for Sale 213 $19,733 The company sold 71 units on May 1 and 66 units on October 28. Required Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.) a. FIFO Answer is complete but not entirely correct. Ending Inventory Cost of Goods Sold 12,146
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