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E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3) Oahu Kiki tracks the

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E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3) 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 o periodic inventory system. Assume Oahu Kiki's records show the following for the month of January. Sales totaled 280 units. Units Unit Cost Beginning Inventory Purchase Purchase Total Cost $10.200 36.100 23.000 January 1 January 24 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 Complete this question by entering your answers in the tabs bel Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. Sale. Number of Goods Available for Sale Cost of Goods Available for Sale 700 units 69,300 $ | Complete this question by entering your answe Required 1. Required 2 Required 3 Calculate the number of units in ending inventory. Ending Inventory 400 units

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