Question: Chapter 7 Connect Assignment Help Save Et Sube 3 E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic Fifo and Weighted

Chapter 7 Connect Assignment Help Save Et Sube 3 E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic Fifo and Weighted Average Cost (LO7-3) 25 pot 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 340 units Date Unite Unit TOOR Deginning Inventory . 1 170 110.0 1.700 Purchase JANTY 15 680 10.0 4.000 Purchase January 24 250 13.0 3,250 . 3 Required: 1. Calculate the number and cost of goods available for sale 25 ponte Number of goods available for Cost of goods available for sale - Pint 2. Calculate the number of units in ending inventory Ending inventory Wences 3. Calculate the cost of ending inventory and cost of goods sold using the FIFO and weighted average cost methods (Do not round Weighted average cost per unit. Round your final answers to the nearest dollar amount.) Ending Costo Inventory Goods Sold FIFO Weghted average Score answer >
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