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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 280 units. 10 points Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 220 480 200 Unit Cost $ 90 10e 120 Total Cost 519,800 48,000 24,000 Pri 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. D) 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 cost of ending Inventory and cost of goods sold using the (0) FIFO. (D) LIFO, and (c) weighted average cout methods Cost of Ending Cost of Goods Inventory Sold S 27800 FIFO LIFO Weighted Average Cost Complete the following table by computing the missing amounts for the following independent cases. (Do not round intermediate calculations. Round "Annual Interest Rate" to 1 decimal place.) Principal Amount on Note Receivable Annual Interest Rate Time Period Interest Earned $ 80,000 46,000 b. $ 10.8% % 9.6% 6 months 9 months 12 months $ 3,312 $ 3,456 C
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