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1 10.00 points vaue: Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually

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1 10.00 points vaue: Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the time of each sale, as if it uses perpetual inventory system Assume Oahu Kiki's records show the following for the month of January. The company sold 330 units between January 16 and 23. Purchase Purchase Beginning Inventory January 1 30090 $27,000 January 24 300 120 36,000 12040,000 January 15 400 100 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. LIFO Cost of Ending Inventory Cost of Goods Solcd

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