Question: Please calculate for FIFO, LIFO, and weighted average. Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Beginning Inventory Purchase

Please calculate for FIFO, LIFO, and weighted average.

Please calculate for FIFO, LIFO, and weighted average. Consider the following information

Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Beginning Inventory Purchase Purchase Purchase January 1 March 28 August 22 October 14 Goods Available for Sale 85 Units Unit Cost Total Cost 29 $ 79 $ 2, 291 39 3,315 58 89 5, 162 63 95 5,985 189 $16,753 The company sold 63 units on May 1 and 58 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

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