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Oahu Kiki tracks the number of units purchased and sold throughout each accounting perlod but applies its inventory costing method at the end of each
Oahu Kiki tracks the number of units purchased and sold throughout each accounting perlod 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 280 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost Total cost 220 $ 90 $19,800 480 100 48,000 200 120 24,000 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 (0) FIFO. (6) LIFO, and (c) weighted average cost methods. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Calutate the number and one of onde vailable for sale 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 ( Complete this question by entering your answers in the tabs below. Tum Required 1 Required 2 Required 3 Required 1 Calculate the number and cost of goods available for sale. Number of Goods Available for Sale Cost of Goods Available for Sale units Required 1 Required 2 > 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) LIFC Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of units in ending inventory. Ending Inventory units 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) - Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 3 Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weight methods. Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost
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