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bok int int ences Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki's records show the following for the month of January. Sales totaled 300 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Required 1 Required 2 Units 240 320 240 Complete this question by entering your answers in the tabs below. FIFO Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory. 3. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. Required 3 Unit Cost $75 85 105 Cost of Ending Cost of Goods Inventory Sold Check my work Total Cost $ 18,000 27,200 25,200 Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. 4

Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki's records show the following for the month of January. Sales totaled 300 units. Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory. 3. Calculate the cost of ending inventory and cost of goods sold using the (a) FFO, (b) LIFO, and (c) weighted average cost methods. Complete this question by entering your answers in the tabs below. Calculate the cost of ending inventory and cost of poods sold using the (a) FIFO, (b) UFO, and (c) welghted average cost methods

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