And the journal entry for each LIFO FIFO and Weighted Average.

E7.7 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost 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 240 units. Required: 1. Calculate the number and cost of goods available for eule. 2. Calculate the number of units in ending investory. 3. Calculate the cost of ending inventory and cost of goods sold asing the (a) FIFO, (b) L.IFO. and (e) weighted average cost methods