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Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method Oahu Kiki tracks the number
Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method 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 units.
Required:
Calculate the number and cost of goods available for sale.
Calculate the number of units in ending inventory.
Calculate the cost of ending inventory and cost of goods sold using the a FIFO, b LIFO, and c weighted average cost methods.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required
Required
Required
Calculate the number of units in ending inventory.
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 units.
Required:
Calculate the number and cost of goods available for sale.
Calculate the number of units in ending inventory.
Calculate the cost of ending inventory and cost of goods sold using the a FIFO, b LIFO, and c weighted average cost methods.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required
Required
Calculate the cost of ending inventory and cost of goods sold using the a FIFO, b LIFO, and c weighted average cost
methods.
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