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 Kikis records show the following for the month of January. The company sold 330 units between January 16 and 23.

	Date	Units			Unit Cost			Total Cost
Beginning Inventory	January 1		300		$	90		$	27,000
Purchase	January 15		400			100			40,000
Purchase	January 24		300			120			36,000

Required:

Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods.

	FIFO	LIFO
Cost of Ending Inventory	$73,000
Cost of Goods Sold	$30,000