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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 each

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 300 units.

Beginning Inventory Units Unit Cost Total Cost

January 1 140 80 11200

Purchase January 15 310 90 27900

Purchase January 24 200 110 22000

  1. Calculate the number and cost of goods available for sale

Number of goods available for sale ______________

Cost of goods available for sale ____________

2. Calculate the number of units in ending inventory

________________ units

3. Cost Of Ending Inventory Cost Of goods Sold

FIFO _________ ___________

LIFO ____________ ___________

Weighted Average cost ______________ ____________________

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