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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

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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 250 units between January 16 and 23. Units Unit Cost Total Cost Date $ 8e 98 $ 8,000 40,5e0 22,000 Beginning Inventory Purchase January 1 January 15 January 24 100 45e Purchase 200 11e 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 Cost of Goods Sold

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