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3 Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the time

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3 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 Kikicrecords show the following for the month of January The company sold 300 units between January 15 and 23 2.66 Dans Beginning Inventory Purchase Purchase Date January 1 January 15 January 20 Units in Cost Total Cost 20 $ 75 315.000 320 as 27.200 240 25,200 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods Answer is complete but not entirely correct. FIFO LIFO Cost of Ending $ 47,300 23.100 Inventory Cost of Goods Sold $ 40,100 35 30,300

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