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 260 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost Total Cost 220 $ 80 $17,600 480 90 43,200 200 110 22,000 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 (0) FIFO, (b) LIFO, and (c) weighted average cost methods Complete this question by entering your answers in the tabs below. Required 1 Required 2 Realed 3 Calculate the number and cost of goods available for sale. units Number of Goods Available for Sale Cont of Goods Available for Sale Required 2 > Dahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing methoc 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 260 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost 220 $ 80 480 90 200 110 Total Cost $17,600 43,200 22,000 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 of units in ending Inventory Ending Inventory units Required 1 Required 3 > 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 260 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost Total cost 220 $ 80 $17,600 480 90 43,200 200 110 22,000 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 Requhed 3 Calculate the cost of ending inventory and cost of goods sold using the (0) FIFO, (b) LIFO, and (c) weighted average cost methods. Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost
