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3 56 Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the
3 56 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 300 units between January 16 and 23 Utost Total cost Beginning inventory January 1 240 $75 $10,000 Purchase January 15 320 es 27,200 Purchase January 26 240 105 25,200 bate eBook Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and UFO methods FIFO LIFO Cont of Ending Inventory Cort of Goods Sold Detencer
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