Chapter 7 study assignment Saved Help Save & Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method perpetually at the time of each sale, as if it uses perpetual inventory system. Assume Oahu Kiki's records show the following for the month of January. The company sold 330 units between January 16 and 23. 1.5 points Beginning Inventory Purchase Purchase Date January 1 January 15 January 24 Units Unit Cost Total Cost 180 $ 75 $13,500 420 85 35,700 320 105 33,600 eBook Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. Hint FIFO LIFO Cost of Ending Inventory Cost of Goods Sold Print References