Refer to the information in E7-5. Assume Oahu Kiki applies its inventory costing method perpetually at the time of each sale. The company sold 240 units between January 16 and 23. Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods.
Refer E7-5

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Beginning Inventory Purchase Purchase Date January t January 15 January 24 Units 120 280 200 Unit Cost s 80 90 110 Total Cost $ 9.600 34.200 22,000