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1 nts Book Check my work Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory
1 nts Book Check my work 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 270 units, Beginning Inventory Purchase Purchase Required: Date January 1 January 15 January 24 Units 220 400 Unit Cost $85 Total Cost $18,700 95 200 115 45,600 23,000 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale.
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