G Unit 6 - Chapter 7 Homework Assignment A newconnect.mheducation.com Unit 6 - Chapter 8 Homework Assignment Unit 6 - Chapter 7 Homework Assignment i Saved 3 E7-5 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] 10 points Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method 02:48:35 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 300 units. Date Units Unit Cost Total Cost Beginning Inventory January 1 200 $ 70 $14 , 000 Purchase January 15 340 80 27, 200 Print Purchase January 24 260 100 26, 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 methods. 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 620 units Next