i need the answer quickly Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies itsinventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki'srecords show the following for the month of January. Sales totaled 300 units.Total CostBeginning InventoryPurchasePurchaseRequired:DateJanuary 1January 15Units140Unit Cost$ 80$ 11,20031090January 2420011027,90022,0001. 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) weightedaverage cost methods.Complete this question by entering your answers in the tabs below.Required 1Required 2 Required 3Calculate the number and cost of goods available for sale.Number of Goods Available for SaleCost of Goods Available for Saleunits< Required 1Required 2 >< Prev8 of 11 wwwNext >

It is the stock held for sale to customers. The inventory comprises of raw materials, work in…

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. Beginning Inventory Purchase Purchase Date January 1 Units Unit Cost Total Cost 140 $ 80 $ 11,200 January 15 310 90 January 24 200 110 27,900 22,000

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. Beginning Inventory Purchase Purchase Date January 1 Units Unit Cost Total Cost 140 $ 80 $ 11,200 January 15 310 90 January 24 200 110 27,900 22,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter27: Adjustments, Financial Statements, And Year-end Accounting For A Manufacturing business

Section: Chapter Questions

Problem 1MP: Reese Manufacturing Company manufactures and sells a limited line of products made to customer...

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