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. Beginning Inventory Purchase Purchase 6.25 points Units Unit Cost Total Cost 140 $ 75 $10,500 300 85 25,500 240 105 25, 200 January 1 January 15 January 24 Skipped Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. FIFO LIFO eBook Cost of Ending Inventory Cost of Goods Sold Hint References