Ch. 7 Inventory & COGS Help Save & Exit Submit Check my work E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost LO 7-3] points 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 t uses a perladic Inventory system. Assume Oahu Klki's records show the following for the month of January. Sales totaled 240 units. Date anuary1 its Unit Cost Total Cost 122 Boginning Inventory January 15 380 January 24 28 98 110 9, 6e8 34,298 22,808 Print Aafanancas 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units In ending inventory 3. Calculate the costof ending inventory and cost of goods sold using tie (a) FIFO(b) LIFO, and c) weighted average cost methods. Complete this question by entering your answers in the t1s below. Required 1 Required 2Red 3 Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO, and (c) weighted average cost methods Sold FIFO LIFO Weighted Average Cost Prev 1 of 4 Next>