Question: This is one question. kindly see under required heading and answer all Oahu Kiki tracks the number of units purchased and sold throughout each accounting
Oahu Kiki tracks the number of units purchased and sold 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 Kiki's records show the following for the month of January. Sales totaled 300 units. 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. Calculate the number and cost of goods avallable for sale
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
