Mc Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl E7-17 (Algo) (Supplement 7A) Calculating Cost of Ending Inventory and Cost of Goods Sold under Perpetual FIFO and LIFO [LO 7-S1] 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 270 units between January 16 and 23. Beginning Inventory Purchase Purchase Required: Date Unita January 1 140 January 15 300 January 24 240 Unit Cost $ 75 85 Total Cost $ 10,500 25,500 105 25,200 Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. Answer is complete but not entirely correct. Cost of Ending Inventory Cost of Goods Sold FIFO LIFO 39.650 $ 33,450 21,550 $ 27.750