Given the following information for Maynor Company in 2014, calculate the company’s ending inventory cost of goods sold, and gross profit, using the following inventory costing methods, assuming the company uses a periodic inventory system 2014 Jan 1 Purchases March 28 Aug 22 Oct 14 Units Unit Cost Total Cost Beginning Inventory 30 $48 $1,440 Purchase Purchase Purchase 40 40 45 51 53 56 2,040 2,120 2,520 Goods Available for Sale 155 $8,120 Sales Unit Sales Price Revenue May 1 October 28 Sales Sales 45 40 $68 68 $3,060 2,720 Total Revenue 85 $5,780 a. Weighted Average: (Do not round intermediate calculations. Round “Average Cost” to 2 decimal places.) Average Cost Ending Inventory Cost of Goods Sold Gross Profit b. FIFO: Ending Inventory Cost of Goods Sold Gross Profit