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E7-15 (Supplement 7A) Calculating Cost of Ending Inventory and Cost of Goods Sold under Perpetual FIFO and LIFO [LO 7-S1 Oahu Kiki tracks the number

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E7-15 (Supplement 7A) Calculating Cost of Ending Inventory and Cost of Goods Sold under Perpetual FIFO and LIFO [LO 7-S1 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 270 units between January 16 and 23 ints Date Units Unit cost Total Coat Beginning inventory Purchase Purchsae Januazy 1 anuazy 15 48 anuary 24 200 220 s 95 45, 600 23,000 Book Pons Refecance 15 Required Calculate the cost of ending Inventory and the cost of goods sold using the FIFO and LIFO methods FIFO LIFO Cost of Ending toiventory Cost of Goods Sold

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