Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the time of each sale, as if it uses perpetual inventory system Assume Oahu Kiki's records show the following for the month of January. The company sold 240 units between January 16 and 23. Date Units Unit Cost Total Cost Beginning Inventory January 1 120 $ 80 $ 9,600 Purchase January 15 380 90 34,200 Purchase January 24 110 22,600 Required: Calculate the cost of ending Inventory and the cost of goods sold using the FIFO and LIFO methods. 200 LIFO Cost of Ending Inventory Cost of Goods Sold FIFO 'S 45,400 3 20,400 Solve for the missing information designated by "p" in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Inventory Turnover Ratio Days to Sell Case a Beginning Cost of Goods Ending Inventory Purchases Sold Inventory $ 100 $ 700 $ 600 $ 200 $ 1,200 $ 1,000 $ 150 6.0 b. 36.5 c