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 a periodic inventory system. Assume Oahu Kikis records show the following for the month of January. Sales totaled 240 units.

	Date	Units			Unit Cost			Total Cost
Beginning Inventory	January 1		120		$	80		$	9,600
Purchase	January 15		380			90			34,200
Purchase	January 24		200			110			22,000

Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods.

Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. Cost of Goods Sold 20,400 25,600 FIFO $ Cost of Ending Inventory 45,400 $ 41,400 X $ 22,560 LIFO $ Weighted Average Cost $ 43,240 X