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Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of
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 totalled 370 units. Beginning Inventory Purchase Purchase Date January 1 January 15 Units 185 Unit Cost $10.6 Total Cost $1,961 510 10.3 5,253 January 24 265 13.6 3,604
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