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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 Kikis records show the following for the month of January. Sales totalled 250 units. Date Units Unit Cost Total Cost Beginning Inventory January 1 125 $ 8.2 $ 1,025 Purchase January 15 390 9.1 3,549 Purchase January 24 205 11.2 2,296

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