1) Just One Product (JOP) began operating on June 26 with no inventory on hand. It then made the purchases listed below. JOP sold and delivered 46 units on June 30.

Date	Description	Units	Unit Cost	Total Cost
June 27	Purchase	12	$ 8	$ 96
June 28	Purchase	38	9	342
June 29	Purchase	20	11	220

A)

B)C)

2) 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 Kikis records show the following for the month of January. Sales totaled 290 units.

	Date	Units	Unit Cost	Total Cost
Beginning Inventory	January 1	140	$ 80	$ 11,200
Purchase	January 15	330	90	29,700
Purchase	January 24	250	110	27,500

A)

B)

C)

Calculate the number and cost of goods available for sale. Calculate the number of units in ending inventory at June 30. Calculate the cost of ending inventory and the cost of goods sold under Weighted Average Cost. (Do not round intermediate values. Round your answers to 2 decimal places.) Calculate the number and cost of goods available for sale. Calculate the number of units in ending inventory. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods