Please explain how to do this. Please use typing and not hand writing.

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 240 units between January 16 and 23. Date Units Unit Cost Total Cost $ 80 9e Beginning Inventory Purchase January 1 January 15 January 24 9,600 34, 200 22, eee 128 380 Purchase 280 11e Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods. FIFO LIFO Cost of Ending Inventory Cost of Goods Sold 1. First-in, first-out (FIFO 2. Last-in, first-out (LIFO 3. Weighted average cost Stl there May 6 $05 cost Scld May $95cost May6 s0sst Sold May $75 eest May $75cost Total cont $240 Total units Cost per unit s80 May $75 coat 3 Si there May 3 $70 cost May 3 $70 cot May 3 $70 cost Income Statement Net Sales Cost of Goods Sold Gross Proft Income Statement Income Statement eoso Net Sales $250 Cost of Goocs Sod 170 S80 Net Saies $250 Cost of Goods Sold 160 S90 2x $80 Sold 145 Gross Prof $106 Gross Proft Balance Shoot Balance Sheet Inventory Balance Sheet Sill there (1x s80 Inventory $95 Invertory $70 $80