Check 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 250 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost 100 $ 89 450 90 280 110 Total Cost $ 8,000 40,5ee 22,000 ook Required: 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 (6) LIFO, and (c) weighted average cost methods. int 4 int Complete this question by entering your answers in the tabs below. -ences Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. units Number of Goods Available for Sale Cost of Goods Available for Sale Required 1 Required 2 > ere to search ORI e 99+ 3 Check my 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 250 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 1ee 450 200 Unit Cost $ 80 90 110 Total Cost $ 8,eee 40,500 22,689 BOOK Required: 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. Hint wint Complete this question by entering your answers in the tabs below. Fences Required 1 Required 2 Required 3 Calculate the number of units in ending inventory. Ending Inventory units re to search o RI e E 99+ Check 3 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 250 units. Dints Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 100 450 200 Unit Cost $ 8e 90 110 Total Cost $ 8,eae 40,500 22,eee eBook Required: 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. Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Calculate the cost of ending Inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. Cost of Ending Inventory Cost of Goods Sold FIFO LIFO Weighted Average Cost O here to search Rt e
