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please answer, thanks Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the
please answer, thanks
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 totalled 310 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 155 450 235 Unit Cont $ 9.4 9.7 12.4 Total Cost $1,457 4,365 2,914 3. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO and (b) weighted average cost methods. (Do no round Weighted average cost per unit. Round your final answers to the nearest dollar amount.) Ending Cost of Inventory Goods Sold FIFO Weighted average Step by Step Solution
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