Consider the following information for Maynor Company,which uses a perpetual inventory system:
The company sold 25 units on May 1 and 20 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

Question

Consider the following information for Maynor Company,which uses a perpetual inventory system:
  The company sold 25 units on May 1 and 20 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

Quizplus · Accepted Answer

The Answer of Consider the following information for Maynor Company,which uses a perpetual inventory system:
  The company sold 25 units on May 1 and 20 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

Consider the Following Information for Maynor Company,which Uses a Perpetual