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E7-7 (Algo) Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] 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 totaled 320 units. Unit Cost Date January 1 January 15 January 24 Deginning Inventory Purchase Purchase Units 180 490 280 $ 70 80 100 Total Cont $ 12,600 39,200 28,000 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory 3. Calculate the cost of ending inventory and cost of goods sold using the (9) FIFO. (D) LIFO, and (c) weighted average cost methods. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Calculate the number and cost of goods available for sale. Number of Goods Available for Sale Cost of Goods Available for Sale units Crimiyu valuray LULUI Chuny MIVELUT y anu USLUI JUUus JUIU unui renouil riu, Weighted Average Cost [LO 7-3] Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costi at the end of each month, as if it uses a periodic Inventory system. Assume Oahu Kiki's records show the following for the January, Sales totaled 320 units. Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units 180 490 280 Unit Cost, $ 70 80 100 Total cost $ 12,600 39,200 28,000 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory 3. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of units in ending Inventory. Ending Inventory units Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventor at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki's records show the following fo January. Sales totaled 320 units. . Date Units Unit Cost Total Cost Beginning Inventory January 1 180 $ 70 $ 12,600 Purchase January 15 490 39,200 Purchase January 24 280 100 28,000 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory 3. Calculate the cost of ending inventory and cost of goods sold using the () FIFO. (b) LIFO, and (c) weighted average Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost of ending Inventory and cost of goods sold using the () FIFO, (b) LIFO, and (c) weighted average cost methods. Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost