Question: Solve for the missing information designated by 7 in the following table. (Use 365 days in a year, Round the inventory turnover ratio to one


Solve for the missing information designated by 7 in the following table. (Use 365 days in a year, Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Oahu Kiki tracks the number of units purchased and soid 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 Kikis records show the following for the month of January. Sales totaled 320 units. Required: 1. Caiculate the number and cost of goods avallable for sale. 2. Calculate the number of units in ending inventory. 3. Calculate the cost of ending ifventory and cost of goods sold using the (o) FFFO, (b) LIFO, and (c) weighted overage cost methods. Complete this question by entering your answers in the tabs below. Calculate the number and cost of goods available for sale. Oahu Kikl 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 280 units between January 16 and 23. Required: Calculate the cost of ending inventory and the cost of goods soid using the FIFO and LIFO methods
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