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 totaled 280 units.

E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost Lo 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 Ja nuary. Sales totaled 280 units Units Unit Cost Total Cost ary 1 20$85 95 115 $10,200 36,100 23,000 Beginning Inventory sn Invenory Date Janu January 15 380 January 24 200 Purchase Required 1. Calculate the number and cost of goods available for sale Number of Goods Available for Sale 700 units Cost of Goods Available for Sale S 69,300 2. Calculate the number of units in ending inventory Invento 420 units 3. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. Cost of Ending Inventory Cost of Goods Sold FIFO LIFO Weighted Average Cost