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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

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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 290 units between January 16 and 23. Date January 1 January 15 January 24 Beginning Inventory Purchase Purchase Units Unit Cost Total Cost 240 $ 70 $16,800 Be 3 6,000 210 100 100 21,000 ripped Book Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. FIFO LIFO vences Cost of Ending Inventory Cost of Goods Sold

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