{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T00:03:59-04:00", "answer_date": "2024-05-27 00:03:59", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1766820", "url": "\/study-help\/questions\/oahu-kiki-tracks-the-number-of-units-purchased-and-sold-1766820", "question_creation_date_js": "2024-05-27T00:03:59-04:00", "question_creation_date": "May 27, 2024 12:03 AM", "meta_title": "[Solved] Oahu Kiki tracks the number of units purc | SolutionInn", "meta_description": "Answer of - Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory co | SolutionInn", "meta_keywords": "oahu,kiki,tracks,number,units,purchased,sold,accounting,period,applies,inventory,costing", "question_title_h1": " Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of", "question_title": " Oahu Kiki tracks the number of units purchased and sold throughout", "question_title_for_js_snippet": "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 Kiki's records show the following for the month of January Sales totaled 330 units Date Beginning Inventory January 1 Units 180 Unit Cost $ 75 Total Cost $ 13,500 Purchase January 15 420 85 Purchase January 24 320 105 35,700 33,600 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 (a) FIFO, (b) LIFO, and (c) weighted average cost methods Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale Number of Goods Available for Sale Cost of Goods Available for Sale Required 1 units Required 2 ", "question_description": "\"image\"image\"image", "transcribed_text": "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 Kiki's records show the following for the month of January. Sales totaled 330 units. Date Beginning Inventory January 1 Units 180 Unit Cost $ 75 Total Cost $ 13,500 Purchase January 15 420 85 Purchase January 24 320 105 35,700 33,600 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 (a) FIFO, (b) LIFO, and (c) weighted average cost methods. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. Number of Goods Available for Sale Cost of Goods Available for Sale < Required 1 units Required 2 >", "related_book": { "title": "Financial Accounting", "isbn": "978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881", "edition": "6th Edition", "authors": "Libby, Short", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/143.jpg", "uri": "\/textbooks\/financial-accounting-6th-edition-143", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8642843048", "uri": "\/textbooks\/social-media-business-define-your-social-strategy-start-selling-on-social-media-expand-your-business-in-china-1st-edition-979-8642843048-138852", "name": "Social Media Business Define Your Social Strategy Start Selling On Social Media Expand Your Business In China", "edition": "1st Edition" }, "question_posted": "2024-05-27 00:03:59", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-student-adds-nbs-to-a-solution-of-1methylcyclohexene-and", "description": "A student adds NBS to a solution of 1-methylcyclohexene and irradiates the mixture with a sunlamp until all the NBS has reacted. 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