E7-17 (Algo) (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 280 units between January 16 and 23. pped Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 120 380 200 Unit Cost $ 85 95 115 Total Cost $ 10,200 36,100 23,000 Book Required: Calculate the cost of ending Inventory and the cost of goods sold using the FIFO and LIFO methods. Print FIFO LIFO Cost of Ending Inventory Cost of Goods Sold