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 Kikis records show the following for the month of January. The company sold 260 units between January 16 and 23.

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 260 units between January 16 and 23 Date Units Unit Cost Total Cost Beginning Inventory Purchase Purchase January 1 January 15 January 24 220 480 200 $ 80 90 110 $17,600 43,200 22,000 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods FIFO LIFO Cost of Ending Inventory Cost of Goods Sold